Ever gotten a seemingly slam dunk deal only to hear those dreaded words: “It’s a probate”? Most investors just move on, thinking they’re in for a world of hurt and delays. Dive in to learn how the pros handle probate.
Discover how to turn probate nightmares into profitable deals with attorney Al Nicoletti, who shares insider tips from 700+ transactions. Learn to spot deal-breakers early and navigate probate with confidence, all without upfront legal costs.
In the second part of the podcast, Al Nicoletti sheds light on the complexities of managing probate properties, particularly those facing foreclosure. He reveals that many of these properties are at risk of auction, and he has successfully postponed sales about 85% of the time by petitioning the court. However, he acknowledges that not all cases yield favorable outcomes, sharing an experience where a judge denied their request to delay an auction.
Al highlights the unpredictable behavior of sellers, especially as they near closing. He recounts instances where sellers, despite having built rapport during negotiations, suddenly go silent, leaving investors in the lurch. Brandon inquires about the recourse available for investors in such scenarios, prompting Al to explain that while there are ways to address ghosting sellers—such as filing a memorandum—probate situations can complicate matters further. Al emphasizes that enforcing these measures may involve extensive legal work, illustrating the inherent risks in real estate transactions.
A significant benefit of Al’s services is that he allows clients to pay only at closing, which relieves the financial burden of upfront fees commonly demanded by attorneys. This approach has become a crucial selling point, particularly for investors who want to streamline their processes and minimize risk. Al notes that many high-volume investors appreciate this strategy, enabling them to focus on closing deals rather than worrying about legal costs.
He concludes by inviting listeners to connect with him for guidance on probate matters in Florida and other states, underscoring his willingness to help and share his expertise through various social media platforms and his own podcast.