Rundown property owner is in Jail

[Payton Ball]

Very unique situation here that I would love advice on.

I drove by a duplex that was incredibly rundown and decided to stop and take a look. It had clearly been vacant for a while, or whoever was there last left it in horrible shape. I spoke to a neighbor and he said it had been vacant as long as they’d been there (over a year), and didn’t know any details.

I did some digging and found that the owner had been arrested in 2019. Based on the charges, he won’t be getting out of jail anytime soon. I went back to the property and there was a piece of paper on the door that said no trespassing, and MCS (Mortgage Contracting Services). It looks like that company is a service provider for banks.

In summary, has anyone come across this before, and are there any tips on how I can get through to the bank? Is anyone familiar with MCS, and does them being involved mean its already too late? Any advice and tips would be appreciated!

[Wayne Brooks]

It’s just another typical foreclosure of a vacant property. No...the bank can’t help you, they don’t own it. It’s like any other sale....look up county records to see if there might be any equity, if so, you have to buy from the owner. If not, it’s a waste of time.