Abandoned house in Pre-Foreclosure

[BJ Swing]

I’ve been researching an abandoned house in Virginia. The owner moved out maybe a little less than a year ago. Late last summer I was able to view the property when is was for sale by owner but I wasn’t able to take on the project at the time since it’s going to be quite a large rehab. They never listed it.

Now there is a note on the door that the property was secured by M&M mortgage out of Florida.

The taxes are paid up for the year and the court deed record doesn’t show any transfers.The family said that they have stopped making payments on the house though I’m not sure when.

Am I in a window to still purchase the home from the owner?How would I go by doing this?Should I contact a lawyer or a foreclosure realtor?

[Justin Hammond]

@BJ Swing a property being “secured” likely just means they have changed the locks and are trying to keep the property in its current condition to protect the collateral of their note (lenders have the right to do this if a property is abandoned).

You could still stop the sale and buy the home if you were able to get in touch with the owner.