San Francisco Probate Buying Proces
A probate sale with court confirmation occurs when a person passes away, who may have a will and leaves the property to heirs. When there is court confirmation, the listing agent typically lists a property below market, sets an offer date and accepts an offer. If your offer gets accepted during the offer process, you may actually have contingencies into your offer. If your offer is accepted, you will need to put 10% deposit at the title company instead of the typical 3%. However, the attorney cannot petition the state to set a court date for potential overbid until all contingencies are removed. The court date is typically at least a month to 45 days from the date you remove all contingencies (if any). The court date allows other potential buyers to go to court to overbid and the final accepted overbid (if any) gets confirme...
