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Updated over 6 years ago on . Most recent reply

User Stats

73
Posts
19
Votes
Richard Leyba tejada
  • Rental Property Investor
  • Canal Winchester Ohio
19
Votes |
73
Posts

probate taxdeed sale

Richard Leyba tejada
  • Rental Property Investor
  • Canal Winchester Ohio
Posted

last year i mailed a letter to the owners of record of a vacant home in Florida 

I got a call back. I learned the owner passed away 12 years ago with no will, no probate was done. the family member who called me said they dont want to deal with the house. home owes 40k in back taxes and needs maybe 30-40k more rehab. ARV 120-130K

I also found out home was going into auction for back taxes.

I spoke to an attorney and he recommended I don't touch it because tax sale would not eliminate all liens or family claims so I gave the info to other investors who had more experience.

a year later home sold for 58k taxdeed sale.

How could I have create a deal here? 

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