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Updated almost 13 years ago,
Dealing with heir and benes
I just got off the phone with an heir who I contacted last week. Initially, I explained to him the situation (that his fathers property was facing tax foreclosure) and I was interested in buying his family's interest and saving the property from tax foreclosure. He said he would need to talk it over with his wife and mother and call me back. Today I followed up with him and he said they were not interested in doing anything with the prop they "did not want to mess with it and just wanted to let it go." I explained that I would buy their interest as it stood and all he would need to do is sign some paperwork and cash his check. He said they still were not interested. I am totally perplexed. Is this something you find to be a common occurence?
Another example from earlier in the day: I had been dealing with a family who I initially thought were heirs to another prop facing tax sale. After discussing the situation with them it turns out there is a will and they are actually fifty percent beneficiaries to the remainder of the estate. The home is the only asset in the estate. The last conversation I had with my point of contact he said, "it seems like a win win for us to sell our interest to you," I get an email an hour later saying they just want to let things be the way they are. Again, I am perplexed and a little frustrated. I literally cannot get these people to let me give them money. It actually sounds awful when you put it that way...lol To be fair there is more to the story on this one and it involves a live in girlfriend, whom the family referred to as a gold digger, who is the other fifty percent bene and she is totally unaware of the will afaik.
Anyway, I was wondering if this is a common occurrence in anyone's experience?