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Updated about 8 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Austin Green
  • Chandler, AZ
3
Votes |
12
Posts

Vacant 4 Plex, owner died in 2006

Austin Green
  • Chandler, AZ
Posted

Hey guys!

This is my first post and I wanted to thank everyone involved who make this a great community!

I found a vacant 4 plex close to my house (Athens, GA) that has the flooring ripped out and looks like it has been sitting empty for a while. Looking up the tax records show that it is now in the control of an attorney. Looking up the old owner and he was a doctor who died in 2006. I've gotten in touch with the attorney and he is calling me on Monday to discuss the property. He said that the family is looking to sell. What questions do I need to get answered when I talk to him? So far I have:

Why vacant? And how long?

Any known problems?

Are property taxes paid and current?

Any lean holders?

Clean & clear title?

Any others questions you guys would suggest? 

Thanks, Austin

Most Popular Reply

User Stats

1,358
Posts
1,322
Votes
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
1,322
Votes |
1,358
Posts
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
Replied

That attorney won't know any of that. He will play middle man and run your offer back up the ladder to the trustees. It's going to be a slow game.

Tax, title and leans will all be cleared at closing. The only thing you need to figure out is how much to offer.

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