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Updated almost 10 years ago,

User Stats

554
Posts
153
Votes
Sterling White
Pro Member
  • Rental Property Investor
  • Indianapolis, IN
153
Votes |
554
Posts

Probate property

Sterling White
Pro Member
  • Rental Property Investor
  • Indianapolis, IN
Posted

Sent a letter to a home owner one month ago. Received a call that they want to sell. Turns out the property is still in the name of the deceased parents in which they owe 70k on the mortgage. The house is in pretty distressed condition. There are 5 heirs in which two want nothing to do with the property. The lawyer needs all the signatures to move forward in doing a possible short sale, which two heirs will not comply(because they may not get any profit)

I do not want this property to become foreclosed upon.

Any recommendations? 

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