Information on Prop 19

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Recently Proposition 19 has made some changes to the Estate Planning landscape; and after successfully closing 10,000+ loans, we continue to stay up to date and in compliance with those laws. We have many loan products and work together with you to close and get the funds your clients need fast. Click the links below for new PROP-19 information and forms.

I am available to personally take your call and discuss how I can be of service to you,

Jonathan Brooks - CEO

(310)-487-6944

jonathan@firstprobateloans.com

• Visit the California State Board of Equalization Website
• Proposition 19 General Information, Fact Sheets, FAOs, Forms, Calculators and Videos from the Los Angeles County Assessor’s Office
• Proposition 19 Form for transfers between parents and children 
• Proposition 19 Form for transfers between grandparents and grandchildren.   
• The Howard Jarvis Tax Payers Association plan to repeal Proposition 19

Straight Note Loan Product

First Probate Loans now offers a junior position, straight note of less than 12 months to assist the trust or estate to clean up, paint, minor repairs, and/or otherwise put the real property in a condition to be sold for for highest price.

Features and Benefits of the New Loan Program:

• Cash for minor fixes and repairs to gain the highest sales price
• Junior position loans so the main mortgage and/or other liens do not need to be paid off
• No monthly payment as not to burden the trust or estate fiduciary in the process of selling the home
• Cleaning up all title issues prior to the sale of the property
• Two weeks or less processing time (unless court order is required) to lend

First Probate Loans manages the probate financing process for short-term loans to trusts and estates, post-property distribution loans, and distributions of trusts and estates for 30+ years. The company specializes in resolving challenging and difficult problems related to title reports. The company provides complimentary property profiles, recorded liens and last vesting deeds, upon request.

jonathan@firstprobateloans.com