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Updated over 4 years ago,

User Stats

106
Posts
44
Votes
Joe Schaak
  • Investor
  • Stillwater, MN
44
Votes |
106
Posts

Looking for Probate Advice

Joe Schaak
  • Investor
  • Stillwater, MN
Posted

I could use the advice of all you amazing probate minds out there!

The Owner of a property passed away and didn't have a will. She left behind a sister and a daughter. She also left behind a mortgage of $32k owed to US Bank. Payments haven't been made since April. The bank has not yet foreclosed but is threatening. However, since the Owner has passed away, the bank basically has the ownership.

What's my best path towards successfully negotiating a deal with US Bank before foreclosure? The home is on the city vacant buildings list and is/will incur at least $3k fees yearly in addition to any upkeep, etc.. I have successfully worked with the city to rehab several similarly vacant homes.

Any thoughts and advice from experienced probate investors would be greatly appreciated.

Thank you!

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