SELLER WANTS TO GIVE ME THEIR DISTRESSED PROPERTY FOR FREE

[Guichard Belton]

So today I was driving for dollars and someone called me who I had marketed to. After talking about their property I found out he wanted to give me the property for free.

The property is distressed, its burnt out on the inside and probably needs to be torn down.

He also told me the foundation is good.

It seems like he "stopped payment" on the mortgage and taxes but I don't know what that means he wasn't to clear. Also he bought the property in 2004 for 150k in that condition and the value decreased to 50K in 2008 where he stopped payment.

What should I do? Should I transfer the deed to me and market to buyers at a really low price or steer clear?