Driving for dollars find

[Jacob McCann]

Hello BP!

I just recently to go driving for dollars in hopes to stumble across some potential deals.

I found a property with overgrown grass, tree branches hanging so low it blocks driveway. All of the signs it’s abandoned, after further research I’ve found that the owner has passed away. Digging deeper I found out that his wife had passed away 1 year before and he got a letter from the bank on 11/20/2019 saying that he was facing foreclosure. Well he passed away august of 2020 and the home is still there and according to the records he’s still the owner. I’ve found his kids and contacted them currently waiting for response. However after digging deep it appears to me he owes just more than the house may be worth! Assuming that his heirs (his kids) can’t sell off the property to pay remaining mortgage. My question is it’s been a whole year later nearly since foreclosure letter. Did that stop when he passed away? Is it too late to assume the mortgage from his kids?