All Forum Posts by: Mike Haworth

Larry, 

I am not on here often, but apologize for missing your response above. I’d still be interested in finding the heir. Are you still willing? 
Look forward to hearing from you. Again, I apologize for the delay.

Thanks,

Mike

Help please!

I have a vacant property with a deceased owner. My problem is that the co-owner, spouse, is on the deed too, and I cannot locate her. The property has been vacant for awhile, and any searches I do brings me back to the damaged/vacant property and no additional info. Any suggestions ????  

I'd appreciate any help.

Thanks,

Mike

Hi Ami,

I am a realtor in Palm Beach, North Broward, and St.Lucie counties. I work with cash buyers/investors in this area. Message me and I can send you a couple properties that are not on MLS.

Mike

Investment Info:

Single-family residence fix & flip investment in Garden Grove.

Purchase price: $195,000
Cash invested: $75,000
Sale price: $400,000

Vacant, dilapidated, pre-foreclosed house, and the heir lived in Texas. Negotiated with the bank, city code infractions, and owner to purchase the property. Cleaned and remodeled the property, then sold to a partner/investor. Biggest challenge was the cost of materials and delayed delivery times. Deal benefited everyone involved.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Contractor - Iconik Construction and Design
Realtor - Mike Haworth  Kustom Properties Group

Long story short, we worked with a real estate/probate attorney and he cleared up the mess. The heir had been living in the home for over 2 years with no electric or water, and  a text only phone, and limited contact to the outside world. We listed and sold/closed the property to cash buyer. The heir received some cash for the sale, and we earned a small commission. It's a good story with a happy ending. I appreciate the advice. 

Found a foreclosed property that was going to auction. Got the auction stopped and submitted a short sale purchase contract from my partner/investor to lender which was denied as the offer was less than the payoff and reverse mortgages require full amount of judgement or appraised value. Questions have been asked by lender's servicing company to provide evidence of who can legally sell the property. The heir to the father's estate never responded to any letters from lender during lis pendens process and the estate was never opened and property was not probated so the only heir does not have title to the property, however; the lender did accept the offer, ordered an appraisal and when I sent them a document that showed the son as the only heir they stopped asking even though it had not been probated and transferred to the son. Since the short sale offer was denied, I want to list the property for sale on the MLS as I'm sure it will sell quickly for more than my partner/investor was willing to pay. Is the son (the only heir) legally able to sign the listing contract and sell this property as he never obtained title to the property through probate? Thanks for all input and advice.

Hi Chris,

I am a realtor/investor located 30 minutes north in Palm Beach County. Moved here 3 months ago after 20+ years in Pompano Beach. I would be happy to help you any way I can. 

Mike

I am a realtor/investor here in Palm Beach County, maybe I can help. Rentals are increasing in the area, and I am not sure what your budget is. Let me know if you are still looking. 

Thanks,

Mike