Sticky situation... probate/foreclosure title issue

[Jared Garza]

So I have quite an interesting situation with a person who called me today. She responded to my mailer to tell me that she isn’t able to sell the property to me because her husband died 5 years ago and the bank foreclosed on the property. He was the only one on the mortgage but since she has a 50% interest in the property (I’m assuming this is just because they were married? I’m not educated in this regard) the bank cannot get a clear title until she signs it over and she’s refused. 

So it has sat for 5 years slowly degrading and she lost all hope for it so I told her I would find out if there’s any possibilities with the property and she was very happy to hear that. She is calling tomorrow to get the total amount that her deceased husband owes on it. 

I know it is probably dependent on how much is owed on the property but with the information given, does anyone see potential in this? 

I would think at this point with it having sat for 5 years the bank is willing to bend backwards to get anything out of it and she seems to be happy just to get anything from it as well. But again I have 0 experience so I have no clue what the bank might be open to.

The property was built in 2006 in a nice area, has tons of flipping potential. It’s an eye sore in a nice neighborhood with its boarded windows and ripped out garage door.