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Updated almost 10 years ago,
Note holder deceased.
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