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Updated over 8 years ago on . Most recent reply

User Stats

239
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224
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James Maradits
  • Real Estate Broker
  • Cleveland, OH
224
Votes |
239
Posts

Acquiring abandoned property

James Maradits
  • Real Estate Broker
  • Cleveland, OH
Posted

Hello all,

I am seeking advice on a unique situation. I am trying to figure out how to make a seemingly impossible deal happen for me.

The story:  There is an abandoned house in very close proximity to my primary residence.  The man who lived in the house died about a year ago.   The house belonged to his parents, who had passed away probably 20-30 years ago and he just continued to live there without ever transferring the title into his name.  The only living family member is a sister who didn't talk to the man who lived there and wants absolutely nothing to do with the situation and won't return calls. The house is in need of serious repair, but if it could be obtained cheaply I believe it could be a very profitable flip for me.

I have talked with the city the house is in and they were little to no help.  The taxes are overdue, however the county will not sell tax liens on an individual basis.

Is there any way to get a hold on this property before it sits for much longer or goes to tax auction in a few years after being vacant?  I have funding available to acquire and repair the property, but I am weary about paying high fees for legal advice that may or may not actually help me.

Any help would be greatly appreciated!

  • James Maradits
  • Loading replies...