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18
Posts
10
Votes
Payton Ball
  • Rental Property Investor
  • Charlotte, NC
10
Votes |
18
Posts

Rundown property owner is in Jail

Payton Ball
  • Rental Property Investor
  • Charlotte, NC
Posted

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!

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