Deed Grabbing or Probate Investing

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Deed grabbing is another term used to describe the process of probate investing. Learn about deed grabbing or probate investing with help from a managing broker with Windermere Real Estate in this free video clip.

Part of the Video Series: Real Estate Questions
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Video Transcript

Hi, Jim Jacobsen with Windermere Real Estate in Seattle, Washington, I'm a managing broker here. And the question comes up about deed grabbing. It's where an individual contacts a person who's going to lose their property based on bad taxes. And they're going to be in competition with other companies, which buy tax sale properties, prior to the sale or prior to the auction. So, in this case, the example would be, that you as a perspective deed grabber, would contact the seller of this property. And actually get great value by picking up the bad taxes and actually selling it or buying it from them at a fraction of what the real marketable value would be. Now, I do know that I have had clients years ago, who used to buy properties and had tax sales on them. They were just vacant land, you know, some of them were marshes. I mean, they really had no real value, these people just went out and bought them. Just because they want to own the real property. But, but you've got to be careful and you've got to do your due diligence, make sure you do title insurance and do all the things that you need to do. Before you go in and become a deed grabber. It is a very good way to be able to acquire real estate at a fraction of the cost, however. It is not a part of the industry that I personally, I'm involved in.


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