Hello, Im hoping to get some inside on a particular situation that has been presented to me. We have a house in the neighborhood who's owner recently passed. Her caretaker has decided to take over the property and is now an active squatter on the residence and has become quite the problem child in the neighborhood. We have recently been informed that the lady who passed did not have a will in place and her daughter and son want nothing to do with the property. We were informed that the property still has a mortgage of around 80k and the ladys children plan on letting the bank take the property. They are two (almost three) months late on mortgage payments. I am interested in purchasing the property and was wondering my best course of action at this time. Should I attempt Sub-2 or contact the bank and try and work out agreement before foreclosure? Will the house go into probate? Hoping someone can give me some guidance to the situation. I am a contractor and we live in a great neighborhood so the house would be a great investment if we can purchase at the right price. as it sits the house is prob worth 100-150k. Thank you!
