Vacant house...how do I proceed?

[Derek Mizysak]

There is a vacant house that I have been eyeing the last month. After some research I found the owner died and the heirs have let it go into foreclosure. When I contacted the back, they said I have to wait for it to be listed and they’d give me no info on the status or the mortgage. Does anyone know if there is something else I can do? The longer the house sits (full of all of their belongings) the less they’ll be able to get for it. Not to mention it’s about to be cold here in Wisconsin. Any advice would be great!

[Jay Hinrichs]

most likely this will have to go through the process and end up with OREO broker who then lists it for sale.. trying to find a national lender and buying one house from them is next to impossible.. they simply will not deal with one asset.