Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

20
Posts
1
Votes
John Mills
  • largo, FL
1
Votes |
20
Posts

House in foreclosure. Owner deceased. How to buy?

John Mills
  • largo, FL
Posted

Looking for my first flip and found one pretty interesting. Its actually the house I grew up in.

Owner died a few months back and the house is now in foreclosure. It seems they served a Lis Pendens

shortly after his death. What happens to the house? It seems he refinanced it about 15 years ago for about

240K with an adjustable rate 30yr mortgage. I dont know value of that currently but the house in current condition

maybe worth about 100-120K. ARV would be about 219K with maybe 25K in repairs.

Loading replies...