Abandoned Property - Owner Found, what next?

[Latisha Douglas]

I am looking at two abandoned properties that are next to one I just purchased. I did some digging and have info. I am looking for advice on next steps. I’m getting conflicting info and don’t want to make a wrong decision.

House #1 – Spoke to owner and he does not want anything to do with the house. His first mortgage is way more than it’s currently worth. I was thinking of having him sign it over to me but he owes too much. I spoke to the bank and can’t get info without third party authorization. Can I ask the owner to do this without hurting my chances? Goal is to purchase at the 30-40k range. It’s in awful condition.

Assessment Info: $38,487. True Value: $ 56,800. Current condition (my opinion): 30k-40k max

• 1st Mortgage for 160k recorded on January 1/24/07
• 2nd Mortgage – for 40k
• 2 lis pendens issued but released, latest release 2017
• A Water Lien dated 11/06/09 $830.00
• A Water Lien dated 5/19/11 $ 711.83
• A City Tax Lien dated 5/03/18 $ 5,719.40

#2 – may have owner info but have not called yet. No current mortgage lis pendens so can I really get the property for the price of the tax liens? What do I ask the owner? Goal is to purchase at 30-40k it’s also in awful condition.

Assessment Value: $37,900. True Value: $ 108,700. Current condition (my opinion): 30k-40k max

• A Mortgage recorded on 1/1994 for $71,250
• A Lis Pendens in favor of Bank recorded on 3/24/10
• A Judgement Lien to Hospital dated 2/15/06 $ 1,300
• Assignment of Tax Liens to TLOA, Inc dated 7/2016
• Assignment of Tax Liens to TLOA Acquisitions dated 12/2016
• An Assignment of Tax Liens to TLOA Acquisitions LLC Series 8/2017
• Assignment of Tax Liens to TLOA of CT LLC dated 12/2017
• Assignment of Tax Liens to TLOA Servicing LLC dated 12/2017
• An Assignment of Tax Liens to TLOA of CT LLC dated 6/2018
• A Lis Pendens in favor of TLOA of CT LLC on behalf of the city, dated 12/2018
• A City Tax Lien dated 5/16/16 for $ 1500 (2014)
• A City Tax Lien dated 4/26/17 for $ 3,200 (2015)
• A City Tax Lien dated 5/03/18 for $ 2,700 (2016)

Thanks in advance. I would LOVE to grab these two properties and have 3 on one block.