Saturday’s Probate Auction

Saturday’s Probate Auction

The probate auction can be a great way to get a good deal on your home purchase.  But buying a home at auction has significant risks.   When a homeowner dies, and their home is not held within a trust, the property will go through probate, which is the legal settling of a deceased person’s estate.   My clients had their eye on a home that was scheduled for probate auction in Alhambra.  It is walking distance to their parent’s home, making it convenient and ideal.   The home, while in a nice location, has a lot of deferred maintenance...Read more
Protect Your Home From MediCal Estate Recovery

Protect Your Home From MediCal Estate Recovery

  California adopts major reform that will greatly reduce the scope of the state’s MediCal Estate Recovery program.  The new legislation will be in effect beginning on January 1, 2017.   MediCal is a California Medicaid welfare program serving individuals with incomes below 138% of the federal poverty level.  More than 12 million Californians rely on MediCal for health care services.  But when a MediCal beneficiary dies, the state can make a claim against the estate of certain individuals to seek reimbursement for benefits paid.  Deceased beneficiaries who were 55 years of age or older at the time he or...Read more
California Probate Sales

California Probate Sales

Are California probate sales a great deal or risky business? If you are in the market for discounted properties, chances are you have encountered a probate sale.  Probate sales are accompanied by a specific legal process that is different from the average sale of real estate.  If you are looking at probate properties, it is important to be informed of the probate process to be prepared for the steps ahead. The material presented below is for general informational purposes only and may not cover all of the intricacies and possibilities for a particular probate sale.  Consult your licensed California real...Read more