How to Find Probate Real Estate by Mike Broemmel - San Francisco Chronicle

Investing in probate real estate can prove to be a profitable experience, according to "Creating Wealth Through Probate: The Best-Kept Secret in Real Estate Investing," by James G. Banks. In order to succeed through this type of investment option, you need to understand how to find probate real estate in the first instance. Despite the fact that probate laws and procedures vary somewhat from one jurisdiction to another, the procedures you use to identify probate real estate essentially are the same in California and no matter where else you happen to do business in the United States.

Go to the clerk of the court. If the court clerk's office does not maintain a separate probate division, request to speak with a staff member who deals with probate cases.
 

Request a list of individual probate cases filed over the course of the past six months.

Identify those cases that remain open and in process.
 

Request the inventories prepared for each of the open cases from the court clerk. Inventories represent the official court document that itemizes assets in an estate, including real estate.
 

List the estates that include property in their inventories, together with the names and contact information for the executors, administrators or attorneys associated with these states. Contact information is found on the case docket sheets.
 

Telephone each estate representative. Request information about the status of the real estate and if or when it may be available for sale.

Once you begin to identify, in court records, probate attorneys and other professionals involved in the estate process, cultivate relationships with them. With some effort, you can develop connections through which professionals will contact you directly when they prepare to file an estate case with real estate.

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