Wholesale Heaven — Probate in California

Probate in California (CA)

Item	Value
Probate verdict	GO_WITH_DISCLOSURE
Verification	PRIMARY_STATUTE
F5259 bucket	GO_WITH_CONDITIONS
Condition the gate enforces	Market the contract, not the property (B&P 10131/10130). Owner-occupied pre-foreclosure needs the Civ. Code 1695 statutory form -- refused by the gate.
Marketing rule	`contract_only`
What triggers a licence requirement	Marketing or negotiating the sale of property you neither own nor hold an equitable interest in, or doing so for another for compensation (B&P 10130/10131).
Seller-disclosure basis	No CA wholesaling-specific statute; disclosure of equitable interest + intent to assign is required here as a contract term and an anti-deception measure, not by a named CA statute.
Statutory waiting period before contacting a representative or heir	None was found in this state's code. That is the absence of a rule we could locate, not a permission.
Assignment volume cap	none

Process notes and the gaps that bite an assignment

No CA statute imposes a waiting period on contacting a personal representative or heir about the estate's real property (searched; none found in the Probate Code).

GAP: buying an HEIR'S INTEREST (not the property) is regulated -- Prob. Code 11604.5 requires a written agreement with prescribed terms, filing with the court, notice to the personal representative within 30 days, and court review for fairness. Do not buy heir interests through this pipeline.

GAP that bites assignments: an estate sale usually needs court confirmation. Prob. Code 10309 sets a minimum of 90% of the appraised value; 10308 lets the court accept a higher OVERBID in open court at the confirmation hearing, which can destroy an assignment. Under the Independent Administration of Estates Act (Prob. Code 10400 et seq.) a full-authority personal representative can instead sell with a Notice of Proposed Action (10580 et seq.) -- ASK WHICH AUTHORITY THE PR HAS BEFORE CONTRACTING.

Primary sources

purchase of a beneficiary's interest in an estate -- written agreement, court filing, court review — source

minimum 90% of appraised value on a confirmed probate sale — source

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