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Updated over 3 years ago on . Most recent reply

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Tre Galloway
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How to Acquire Abandoned Property Before Auction

Tre Galloway
Posted

Hello, new investor here (one rental two years in).

I came across an abandoned property last week and started to do a little research. GIS revealed the owner who may've been in AZ but is now deceased as of last year. I'm in VA, btw. I contacted a lady with taxing authority who stated the property is at around 10K in unpaid taxes (not paid since 2008), but I wouldn't have access until it went up for auction which could be several months from now. She said I could maybe circumvent the process by involving a real estate attorney. Is this accurate? What techniques have you all used to get a head start on a property? Thanks!

Most Popular Reply

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Ned Carey
Pro Member
  • Investor
  • Baltimore, MD
12,718
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Ned Carey
Pro Member
  • Investor
  • Baltimore, MD
ModeratorReplied

@Tre Galloway you have to buy the property from the owner. If the person is deceased then the owner is the estate. If an estate has not been opened then you have to contract the heirs and open an estate. Bottom line first find if there are any heirs to the estate and then contact them to see if there is any interest. 

  • Ned Carey
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