I just got off the phone with a woman who inherited a house that has a home equity loan. Her name is Olivia and when she first contacted me she was confused, lost, and in total despair. This property not only has a first lien mortgage, but it also had a home equity line, and
I read a story earlier this week about a Texas woman who found a 2000-year-old bust of ancient Roman commander Drusus Germanicus. She picked it up at a Goodwill for $34.99 and didn’t even know what she had until two years of digging turned up some interesting facts. Apparently, the bust once resided inside a
I read an article this morning about a 3,200 year old Chinese mummy that was found with pants on. Well, not just pants. It was a woman buried in a poncho, soft leather boots, a headband decorated with bronze discs and seashells, and the earliest known pair of jeans. I’m a bit of a nerd
My probate student spotted this lawyer’s shenanigans from a mile away Last week one of my students sent me this email about a probate property he is working on:—-Hi, Ernie.I have a probate property and I suspect there are some shenanigans going on. In December, I received a lead from a woman that is set to
It was a bit of a proud parent day. My oldest daughter Christina bought our entire family tickets to go to Disneyland. She recently graduated college and though she does work she doesn’t yet have a lot of money. We all love Disney so it meant a lot to her for us all to spend
Have you ever walked into an appointment and the room had a distinct negative vibe? I’m not talking about new age voodoo or anything like that. I’m talking about meeting with a seller who seems to be in a negative funk. Most investors chalk it up to bad luck and move on. There’s a way
I had an interesting conversation yesterday with Larry, one of the local probate attorneys here in L.A. After chitchatting about baseball and the Dodger’s chances of making it to the World Series, he shared with me how some of his clients have been stuck with a non-rent paying tenant in a house that they inherited. The
A number of years ago I had bought a probate property that had a huge secret hidden inside. The seller lived out of state and was only able to come to the house one time to pick up some of the important documents and memories left in the house. Her sister had owned the house
Every probate property has personal contents that are left behind. Did you know that under the probate legal process, these items along with real estate are technically considered property? The difference is that one is categorized as real property “real“ for real estate. And the other is categorized as personal property. Yes, our job as real
Well, Ernie Jr. and I have arrived here at the Philmont Scout Ranch in New Mexico and we’re getting ready to embark on this 80-mile epic journey as father and son. Like I said before, it’s not just the miles, it’s also the elevation gains/losses and hiking with a 50-pound pack on my back (I’m
This week I was made aware of an unexpected plumbing problem on one of my flips that’s going to cost me upwards of fifteen thousand dollars to fix. It turns out the lateral was rotted out from the street all the way to the back of the house. The fix? We’re going to have to replace
I wanted to share this email with you from a conversation that I had with one of my students today. I am very proud of him because of his activity and his choice to embrace the opportunity to be of service to the much-needed market going through probate. As many folks have slowed down or
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