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All Forum Posts by: Michael M.

Michael M. has started 4 posts and replied 22 times.

Post: Help! How to buy from deceased owner (and can't find heirs)

Michael M.Posted
  • Greenville, SC
  • Posts 26
  • Votes 11

Wayne,

No. Not really. I just want to know what all my options are. Maybe my statement is worded wrong and obviously struck a nerve with you. I simply ask as I don't know if there is a something simple (and ethical as I mentioned in the original post) process that is out there for buying a property that has been abandoned for 2 years.

I know you don't know me and I haven't been around long, but I don't need to be accused of trying to "steal" something from someone else. I want to do nothing of that sort...

Post: Help! How to buy from deceased owner (and can't find heirs)

Michael M.Posted
  • Greenville, SC
  • Posts 26
  • Votes 11
Greetings all! I'm newer to wholesaling and have been "all in" for about the last 4 months or so, trying to get a first few deals going. I've consulted this forum many times on other issues, but can't seem to figure this one out!I've found myself an interesting lead but can't seem to find a solution. Here is the situation:

--Abandoned, vacant, SFR in Lakewood (Jefferson County), Colorado

--2 years of tax liens against property--owned by a company in NY State. The lien holder can apply for a treasurer's deed at 3 years so the clock is ticking!

--no foreclosure records (indicating lack of mortgage)

--Owner of Record as shown by Jeffco is deceased, but no probate proceedings have begun (no heirs have come forward, etc). I did a free trial on "archives.com" and got the date of death, but little other info.

--Skip Trace (find the seller.com) could not find any living relatives

So the question is: how can I acquire this property? Is there a way to create an interest and foreclose outside of the tax liens (ethically)? If so, and if a lawyer is required, does anyone have a recommendation?
If I cannot find heirs, it seems my best bet may be to attempt to buy the tax liens from the existing holders (could be a tough sell if they are savvy to the situation). If I DO find heirs, then what? Do I just tell them to call the probate office at the county and I'll buy it from them when it transfers? I am completely ignorant on how probate works...

Please let me know if you have any thoughts or experiences that may help.


Thanks,

Michael McLeish, manager
MMC Home Solutions, LLC