Mount Aukum, CA Real Estate News

By Eddy Martinez
(Nationwide Funding Group)
In California and in many other states across the nation there are situations when a homeowner is deceased and doesnt leave a will or testament for inheritance of their estate. In other words what happens to my property and debts once i die?  A probate sale is a court approved sale of a property of a deceased person. Ownership of property that actually is inherited by be subject to the approval of the probate court. Per california state law any estate over the amount of $60,000.00 MUST be approved by the probate court. The Probate court has a specific function and that is to discover and research any creditors of the deceased and pay them out out of the estate of the person who died. After all debts are paid, anything of value that remains is distributed to the proper heirs, either accr...
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