Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a house in probate be saved from foreclosure?

April 26, 2017foreclosure House probate Saved

0

Posted

Can a house in probate be saved from foreclosure?

1 Answer

0

Posted

Yes. While foreclosure and probate are no strangers to one another, it is absolutely possible to save a house that’s part of a probate estate from foreclosure. There are two ways for an executor or administrator to save real estate facing foreclosure. First, the executor can access cash in the probate estate to bring the loan current. Second, if the probate estate doesn’t have enough cash then the executor can have his or her probate attorney go to court and get a temporary restraining order to stop the sale and give the executor some time to sell the real estate. For more details go on foreclosure and probate in California go here.