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Updated over 11 years ago on . Most recent reply

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66
Posts
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George Bittar
  • Investor
  • Parsippany, NJ
10
Votes |
66
Posts

Empty Home-Deceased Owner- No Bank?

George Bittar
  • Investor
  • Parsippany, NJ
Posted

Not sure if this belongs in this section of the forum, but the lead came as a referral from someone on our DM campaign.

I contacted the local tax office and they could not provide any other information other then the homeowner who is deceased and I had that information already.

Ugly story behind this one which I don't feel good about-triple homicide in 2011 and has been vacant since. I would like to explore possibilities and get more information, but where to turn from here? The town does not own the house, thought it may be possible from back taxes and no lender on record.

-G

Most Popular Reply

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3,866
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3,548
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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
3,548
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3,866
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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
Replied

Hey K - I think your point is applicable most everywhere.

When I order pre's (prelims) title is vested in name of deceased owner without reference to estate, heirs, etc. unless I have provided information concerning an active probate.

So, unless I ask my escrow officer to order title on Jane Doe, admin of the estate of John Doe ( or provide copy of Letters, Order or similar) title does not pick up any court action on front end and leaves vesting in name of last insured grantee.

However if I DO give them a hint that its a probate, they will vest as the Heirs, beneficiaries, distributees, etc. or something similar and note exceptions accordingly.

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