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Updated over 8 years ago,
Inherited property about to be auction off
Hi everyone,
I am new to wholesaling and really need help with this one. I have a potential wholesale deal (my first one) with a seller that inherited a property after his father died a few years ago. His sister nor him changed the title of the property, therefore, the title is still under his deceased father's name. The seller currently lives at property, however, it went into foreclosure proceeding and an auction is scheduled for the end of November of this year.
1. How do I go about getting the state( Illinois) to change the title prior to the auction date?
2. Can I have a contract with a seller that is not legally in possession of the property?
3. How can I delayed the auction if time is needed for title change?
Thank you,
Wosey Yeaney