Sci Fi Channel has announced Estate of Panic, a new reality competition series that will follow strangers hunting for hidden cash on a large piece of property, will premiere Wednesday, November 12 at 10PM ET/PT.

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In addition, Sci Fi announced it has tapped former Crossing Jordan actor Steve Valentine to serve as Estate of Panic's host.

Each one-hour episode will follow seven strangers who are invited to a massive estate to search for "large quantities of cash" hidden somewhere on the property.

The contestants will also have to overcome three separate challenges that await them in the estate, and after each challenge, two of the strangers are eliminated and whatever loot they had found up until that point is added to the grand-prize pot. 

The last contestant standing will then face a final challenge in the Vault Room to determine if they'll walk away with the pot.

Sci Fi ordered Estate of Panic in July and began production on the six-episode series this week.

Estate of Panic is being produced by Endemol USA -- the same company that used to produce Fear Factor for NBC -- with Richard Hall serving as executive producer.
About The Author: Christopher Rocchio
Christopher Rocchio is an entertainment reporter for Reality TV World and has covered the reality TV genre for several years.