39 East Union Street, Pasadena, CA 91103
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Administrator Advance
Administrator Advances can help the estate deal with numerous matters, including:
- Making mortgage payments
- Reinstating the property out of foreclosure
- Repairing and improving estate properties to enhance their sales price
- Providing the estate with the liquidity to settle claims at a more favorable price
Other uses of administrator advances are to assist heirs who may be living in the home (and implementing the settlement of the estate), or perhaps to buyout one or more heirs, enabling the estate to be settled without the need to liquidate real property. These advances can also be used to pay attorney fees, again to avoid the need to sell the estate real property.
These advances are secured by the estate asset(s), and are not dependent upon credit scores nor income. Although intended for a short-term (two years or less), this financing often provides the estate with a “bridge,” enabling the estate to be settled sooner, rather than later.
Should this type of financing provide you and your clients the opportunity to resolve the estate more quickly and efficiently, please inquire as to how Approved Inheritance Cash can assist you today!
