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Updated almost 8 years ago,

User Stats

5
Posts
1
Votes
Michael Morrow
  • Houston, TX
1
Votes |
5
Posts

Is USA seized real estate an opportunity?

Michael Morrow
  • Houston, TX
Posted

Howdy BP!

I was driving for dollars and noticed a large 4000+ ft^2 house that looked disheveled. After looking it up I saw the deed was transferred to the United States of America with a mailing address of a marketing group auctioning seized/forfeited properties. I have not seen any posts on this subject on BiggerPockets, but does anyone have experience along this path?

Is this an opportunity with a motivated seller or will they manage to auction the property for a significant value of it's ARV?

I have not been able to find the property for auction / listing yet on the government auction sites. 

Thanks!