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Updated over 6 years ago on . Most recent reply

User Stats

339
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126
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Luis A.
  • Real Estate Investor
  • Atlanta, GA
126
Votes |
339
Posts

Owner deceased, how can I buy property?

Luis A.
  • Real Estate Investor
  • Atlanta, GA
Posted

I am trying to buy a property where owner passed away, I spoke to the next of kin and they don't want the house. There is a mortgage on house. It's been 2 years now since owner passed away so I would have assumed bank would have foreclosed on it by now but county records still show the deceased man as the owner and the tax bill is still being mailed to the house in the owners name.

Any suggestion on what I can do to buy this house? Should I find out who has the mortgage and make the bank an offer?

Could the house be in probate and if so, what can I do about it?

Thanks,

Most Popular Reply

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1,580
Posts
743
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Mark Pedroza
  • Real Estate Agent
  • Sacramento/Placer ~ San Francisco Bay Area counties
743
Votes |
1,580
Posts
Mark Pedroza
  • Real Estate Agent
  • Sacramento/Placer ~ San Francisco Bay Area counties
Replied

Run your numbers, check for any liens on the property. 

Offer to buy out the heirs (kin) legal interest in the property and start the probate Administration process yourself.

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