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Updated over 7 years ago on . Most recent reply

User Stats

26
Posts
7
Votes
Michael Parrish
  • Investor
  • Las Vegas NV
7
Votes |
26
Posts

Advice on first deal

Michael Parrish
  • Investor
  • Las Vegas NV
Posted

Hello everybody,

We put out advertising and had a call back for an abandoned property. It's been vacant for 7 years and the owner just wants to get rid of the property. The problem is there are 2 banks that are trying to claim the property and the owner isn't sure which banks they are currently. There has already been some repairs made to the property but there is a city violation that they just got in the mail. How would we proceed with trying to acquire this property? Should we make an offer and file quiet title with an attorney? This seller is extremely motivated. Is there a way for us to find out which banks are trying to claim this property and why? Best case scenario we would like to make an offer by the end of next week if possible.

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