Elderly Woman Being Foreclosed On

[Kai Soremekun]

I found a property that is scheduled to go up for auction on Tuesday 11/22/22.  Looks like it has been postponed once.

The house is paid off. It was last sold in the 80s for 172k.

BUT an equity loan was taken out on the property in the 2000;s for 100k.  That loan is being foreclosed on.

Property Taxes are current.  Do not see any other liens on the property although since I only found the property yesterday haven't ordered a title search on it.

I drove by the property today.  It is not kept up well.  Was able to talk to the next door neighbor who told me a woman lives there who's been there for over 40 years.

Her husband passed away last year.

I would like to approach this woman, first to see if I can be of service to make sure there isn't a way she can save her house. But if that's not possible I have cash that I can offer her so she's isn't left with nothing.

It seems like it may be too late to reach out before Tuesday but would love thoughts on. I am new to foreclosures.  Real estate lawyer recommends would also be appreciated as I should probably make sure I don't mess up.

1. Possible solutions for this woman

2. How/if I should approach her

3. If I do offer to pay cash to help her what that might look like.