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Updated almost 3 years ago,
Jackson MS borrower died of Covid What to do next?
I just found out that the borrower on one of the properties that I financed in Jackson MS just died of Covid last week. I don't think that the family wants the house even though I know that their dad would have wanted them to profit from rental income it could generate. It is a small (just under 900 sq ft) 2/1 in a lower value neighborhood. The borrower was in the process of fixing it up to rent so I believe that it is currently vacant. The family would like to deed it back to me but I would like to see them try to sell it themselves so they can possibly profit from it. I do not live in MS and need to get my ducks in a row in case this property comes back to me. Can anyone recommend a good rental/management company, a reasonably priced handyman, a Realtor that is good? I also may be interested in owner financing it to an investor or owner occupant if the right person comes along.
Thanks,
Sandra Uhlmann