Summary:

Selling a probate property that owes more than it is worth requires a short sale approval from the lender. This process is complicated by probate court requirements. Estate real estate specialists manage the dual negotiation with the bank and the court.

Direct Answer:

Alix facilitates the short sale of underwater probate properties by compiling the "hardship package" required by mortgage lenders. We organize the estate's financial data to prove insolvency and justify the sale price to the bank. Our team coordinates with the listing agent to ensure the bank's terms match the court's requirements for sale confirmation.

This management prevents the property from going to foreclosure which protects the estate from deficiency judgments. Alix navigates the intersection of real estate finance and probate law to dispose of burdensome liabilities efficiently.

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