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Updated almost 11 years ago,

User Stats

35
Posts
6
Votes
Sharlisa Elzy
  • Chicago, IL
6
Votes |
35
Posts

Is this a good mf probate wholesale prospect?

Sharlisa Elzy
  • Chicago, IL
Posted

Hi, I recently was contacted by a lawyer representing a client who owns a property they received after the death of their mom. I was able to speak with the client personally and we arranged to meet at the property yesterday so I could calculate any repairs that needs to be done. Well, once we met there, the executor was unaware that the city boarded up the property and it's now in receivership due to violations on the property which we briefly spoke about before. He gave me the number of the person to contact. The property from the outside looks like it may be a total gut rehab however there isn't a mortgage on it. I was looking to wholesale this property but I do not know if I should move forward. I don't understand how the executor owns the property but it's in receivership by someone else! Can I make this work?

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