Property transfer in philadelphia

[Lisa Leary]

Hello All!!

I am a current investor in Philadelphia. And I am having a little issue!

1) I am interested in buying a property but one of the owners has died and the other owner is nowhere to be found! The property has been a bandit for over five years. This case how would I go about obtaining the deed?

2) I am also interested in buying another property but there is outstanding mortgage on the house and The owner is terminally ill. And the Son is willing to sell the house. Will I have to take the mortgage over?

If anyone can plz gave me advice, I would greatly appreciate it enjoy your Sunday!!! 

[Joseph ODonovan]

@Lisa Leary 1. You can't buy the property unless the owner sells it you. Unless, its up for tax or mortgage foreclosure. Check the Sheriff Sale listings.

2. Does the son have POA? If not, no deal. If yes, then the mortgage gets paid off by the seller at settlement.