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218
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27
Votes
Paul Fagot
  • Wholesaler
  • Redding, CA
27
Votes |
218
Posts

Heading to auction.. and owners deceased.. HELP!!

Paul Fagot
  • Wholesaler
  • Redding, CA
Posted

Found an abandoned property been mailing them for months then went to code enforcer office and they told me that the owner was deceased for a year or so. They also told me that the relatives don't want anything to do with the house. 

Everything is still in the owners name. 

Still has $40k on loan

ARV $170-180

Repairs $40-50k

How do I go about acquiring the property if he's deceased and had no will? Should I try and contact relatives see if they know anything about it or contact the people with the loan and figure out something with them? 

Have 24 days before auction sale date! Need help!

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