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Updated almost 3 years ago,

User Stats

309
Posts
100
Votes
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts

Jackson MS borrower died of Covid What to do next?

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

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

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