Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

Response to a mailing from an heir
I've been sending out some letters looking for properties. I received a call from the daughter of one of the people I've mailed. Her father opened my letter and set it aside (but luckily didn't throw it away!) and he passed away a month later. She found my letter in his things and isn't sure what to do in order to sell his house.
She does not want anything to do with the house, as she lives in another town. She has a sister in another state who also doesn't want anything to do with the house. She said her father had no mortgage on the property but he does have credit card debt. She's concerned that she can't sell the property because the credit card debt will eat up the estate. (She doesn't know how much it is.)
I wasn't 100% prepared for this type of situation, but I should have been seeing as that anyone could have responded to my letters.
Any advice for me?
Most Popular Reply

Update: I bought the property July 29, 2016 for $10,000 and putting $8,000 of renovations into it. It got rented October 29, 2016 for $770/mo. This is a Section 8 tenant.