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Updated almost 10 years ago on . Most recent reply

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Sterling White
  • Rental Property Investor
  • Indianapolis, IN
153
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554
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Probate property

Sterling White
  • 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? 

Most Popular Reply

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

Pre-probate foreclosure short sale with uncooperative heirs.

Any lead paint or black mold (just to round out the appeal if this"opportunity")?

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