Abandoned Property Questions

[Brittney Taylor]

I'm getting into more of a niche for abandoned properties and distressed properties. I just found an abandoned property that caught on fire a year ago and has been abandoned ever since according to the neighbor. I'm now in the process of figuring out who owns the property. Does anyone have advice on what I should do to complete this deal so i can rehab it and sell it?

[Account Closed]

Michael Lauther Thank you for the additional info about your insurance claim. I still don't understand how any insurance funds from the claim were sent directly to the city. is it mandated somewhere when they write the policy that the city gets a % of fund on properties with certain kinds of damage? Or did pulling the permit for demo or rebuild generate a required deposit, and your insurance funds went towards that deposit?

I'm no stranger to inner city, low-income neighborhoods and the problems cities have with vacant/damaged properties, and neither is Ibrahim S. We just want to understand how a city gets access to insurance claim funds.