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Updated over 10 years ago, 06/23/2014
Wholesaling Inherited Property With Squatters
Hello BP Nation,
I have a rather interesting motivated seller wholesale lead I am working with now in the city of Boston (Massachusetts). I have a few questions; hopefully I can get some light shed on.
I had a lead come in from a gentleman whom inherited a property from his dad along with his 6 siblings. 3 of the siblings are deceased now. The gentleman and his siblings now want to get rid of the property quickly without placing it on the market; however there are squatters on site.
My questions:
Since the property was inherited; is there a probate process that has to be carried out first before I make an offer? What is the process? How long?
Would it be a good idea to get a home under contract to wholesale despite the fact there are squatters on site?
Thank you in advance BP!