How would you handle this Driving for Dollars possibility?

[Brian Knox]

Hey crew! While I don't yet have a real estate attorney or a team or anything, I have a decent lead that I don't know how to handle.

I've been pursuing a Driving for Dollars property (near my house) for a while and today - from talking to the neighbor - was able to 

• 1) find out the full story
• 2) get the name and ph# of the owner (it's a son who would be selling the house for his elderly/dying mother who is in a nursing home)
• 3) give them my business card and say that I was potentially interested in buying the house
• 4) Find out that no one is planning to move into the home and that they intend to sell it when the elderly mother passes away. The home is already receiving citations for poor yard maintenance, etc.

Question: How should I handle the conversation and potential transaction when I end up talking to the son? 

Is the contract and everything something I can rely on a real estate lawyer to help me with?

I'm afraid I don't know what I don't know.

If they were willing to sell, what are the steps I need to follow? And could I still potentially use financing (instead of cash)?

I apologize if these are "rookie-status" questions!

Brian

[Jim Viens]

If they are willing try to get it under contract and closed before the mother dies. Someone likely has or can get Power of Attorney for her to sign the paperwork if she can't. Letting it go to probate can complicate matters.