information on probate loans and lending on homes in the probate process.

When a home is involved in the probate process, your options may be limited but there is still the potential for unlocking its equity. In some situations an estate holds real estate, but very little or no cash assets. In that situation, a probate loan may be your only option to maintain the estate during the probate process. Commercial Loan Corporation (877) 464-1066, is a California based provider of probate loans. Probate and estate loans are specifically designed to help heirs, beneficiaries and administrators who are in need of financing on a home involved in the probate process. Commercial Loan Corporation is California’s premier probate lender. They can supply an estate in probate with the money they need to maintain a home, prepare it for sale or pay expenses. Commercial Loan Corp has also helped clients save over 12 million dollars in property taxes by transferring a parent’s low property tax base on an inherited home. Commercial Loan Corporation provides estates with the cash needed to make an equal distribution and qualify for a California Parent to Child Property Tax Transfer.

These specialized probate loans and estate loans allow heirs, beneficiaries and probate administrators to buy out siblings, settle debts, make improvements to a home, and prevent property tax reassessment on a home being inherited from a parent. Commercial Loan Corporation provides each client with a Free Upfront Probate Loan Benefit Analysis that shows your estimated loan proceeds, property tax savings and the costs associated with the loan.  On average our probate loans, estate loans and trust loans save our clients over $6,550 in property taxes each year by avoiding property tax reassessment on an inherited home.

If you, a sibling or a client is interested in a California Probate Loan, Loan to a Trust or Estate Loan call (877) 464-1066 for a free estimate showing you how much you might be able to save by avoiding property tax reassessment with the help of a probate loan.

What are Probate Loans?

Probate loans are loans provided to a home involved in the probate process. Probate is the administration of a deceased person’s estate, with or without a will. A probate loan or estate loan provides funds to the probate estate to accomplish a goal that requires the conversion of equity in the real estate into cash. The probate loan is made directly to the estate. A probate loan must be approved by the probate administrator. We can help guide your through the process and if needed, put you in contact with an Attorney or Property Tax Consultant to assist you with the process. A Probate loan or estate loan, provides cash to the estate for a variety of purposes. During the probate process, which can be lengthy, the administrator of the estate may need funds to administer the estate. Examples of this may include utility costs, property taxes, property insurance, association fees, legal expenses, paying off outstanding debt, mortgage payments, or property maintenance expenses. Without a probate loan, the estate may not be able to afford to meet the costs of these expenses. A probate loan or estate loan is also often used to buy out siblings when multiple siblings are inheriting a home from a parent. For example, the child that wants to keep the family home can take out an estate loan and buy out the other siblings with the cash provided from the probate loan. If a child wants to keep a parents low property tax base on an inherited home, the County Assessors Office must approve the exclusion for reassessment. One of the requirements of a California Property Tax Transfer and Exclusion for Property Tax Reassessment is that an equal distribution of assets be made to all child heirs / beneficiaries and that if sufficient cash assets do not exist in the estate, that a non-personally guaranteed 3rd party loan be used to equalize the distribution. If the process is not done correctly, the property may be reassessed at the current market value. On average clients save over $6,550 a year in property taxes by avoiding property tax reassessment on the inherited home. Additionally, the estate saves over $52,000 on average by avoiding the costly realtor fees associated with selling a home, and all of the heirs / beneficiaries are able to take advantage of that savings. If you are interested in finding out if a probate loan might be a good option for you, call (877) 464-1066.