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Updated over 8 years ago,
Need help on first deal. potential probate issues
I just got a deal under contract.
The homeowner died a few months ago. Her son has power of attorney, and wants to sell it for $3000 cash on top of $54000 existing mortgage. Property is worth 70-80k lender is holding 35k restricted escrow balance. I have to option to take the loan subject to or to wholesale it and payoff the loan.
Is there any potential escrow problems that will present title problems down the line?