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Updated almost 10 years ago on . Most recent reply

User Stats

380
Posts
201
Votes
Chase Gochnauer
  • Investor
  • Des Moines, IA
201
Votes |
380
Posts

Note holder deceased.

Chase Gochnauer
  • Investor
  • Des Moines, IA
Posted

Hey all,

I have an accepted amount on a note for about 28% of UPB. The owner is deceased and a family member is living in property. I believe they tried working something out with family member but he is no longer in contact with servicer. 28% of UPB is maybe 35-50% of property value so I'd still come out OK if I ended up with the house. Any tips/advice on what to look for when the note holder is deceased?

Thanks,

Chase

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