Unique question on vacant house.

[Brandon Ramsay]

I am looking for any i sight or helpful opinions. I am looking into a property that has been abandoned for a couple year. There was a fire in the basement and I guess they had no insurance so just wakked away from it. The people still own it and I am having a hard time locating them.

The bank has a lien on it for the remaining mortgage amount of around $76k. It's ARV would be around $200k. I think I could convince the bank to take less on the lien if I agreed to refinance with them after the rehab.

Looking for anyone's advice on good way on finding the owners or if buying the lien off the bank is a good idea if you can do that? I am from Canada so I know some of the laws and rules are different from the states.

[Roy N.]

@Brandon Ramsay

If the property has been to tax sale and there were no takers, then the Province owns it.

A good hot fire in the basement can crack/buckle the foundation.  Follow-on with sitting unheated and {possibly} wet and you might well discover why no-one has moved on the property.