Hi, Im new to Real Estate and have questions

[Regis Luckett]

Hi, I am a little new to Real Estate and I just have a question. Sadly my neighbor died 2 years ago and her house has been sitting next to ours abandoned for 2 years now. I have talked to my neighbors child on buying the house but they stated that there was still $80,000 owed on the mortgage and I also know that there are taxes still owed from 2019 that was not paid (from what I can see in the county records). I was wondering whats the next step to trying to get this house without obtaining the full $80,000 mortgage that was left behind on it, if there is any.

[Peter M.]

@Regis Luckett Buy the property subject to the existing mortgage if not prohibited where you are. Despite what you may hear, they are still legal in most places but there are increased rules since the crash. Tell the kids you'll pay all back taxes and closing costs. If they balk, offer a little more on top. Maybe 5-10k so they get something out of it. Obviously it will depend on what it's worth and repairs needed. Find someone near you at a meetup or ask a few realtors if they know anyone experienced with sub 2. Good luck