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Updated about 2 years ago,

User Stats

35
Posts
15
Votes
Kristin Riker
Pro Member
15
Votes |
35
Posts

Trying to buy off market house

Kristin Riker
Pro Member
Posted

Hello all,

I am very interested in an off market property.  Needs work but good neighborhood, no tax lein and would be perfect for a house hack.  I contacted the previous homeowners who advised me they don't have anything to do with the house (neighbors told me the house has been abandoned for at least ten years).  I contacted the trustee lawyer I found listed and through my own lawyer sent them an offer which they say they received.  I tried contacting again but his response was "since you've retained counsel I can only speak to your lawyer".   I feel like I am going to drive by this house and see someone fixing it one day (this has happened to me before).  Are there any other angles I can try?  The taxes are being paid by a 'debt management company' who I have also tried to contact but can't get any information out of them.  Taxes are current and up to date (verified by town tax assessor).  My offer was a conventional mortgage with a 20% down payment (trying to reserve capital for the repairs the house will need).  I have a hard time believing I am the first person to attempt to purchase this house, and I know there are plenty of investors/contractors in my area with cash.  Wondering why it's been sitting/ what other strategies I can take to acquire it. 

Any advice?

  • Kristin Riker
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