Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on .

User Stats

3
Posts
0
Votes
Samuel Finklestein
  • pittsburgh, PA
0
Votes |
3
Posts

re purchase of redeveloped house

Samuel Finklestein
  • pittsburgh, PA
Posted

Hello 

I met an unusuall situation and was wondering if some people can shed some light on it.

I visited an house for sale by the owner, he told me that this house was condemned by the local housing authority on 2014 then transferred to an redevelopment company who in turn contracted him to re-develop the house and then sold it to him in 2015, He did so, and is now putting it up for sale in 2015. for around 100k

however it looks like there is an judgement and an lien from the previous owner who was deceased, it looks like the previous owner died and left an outstanding $79k mortgage, the court judgement totals 130k, and it looks like this house is also being planned at an sheriff sale, The county deed office shows that Mr. Redeveloper now owns the house, whats going on?