All Forum Posts by: Douglas Snook

Hello all

Looking to see if there is/are any RE Investment Group in South Metro Boston area. Norfolk County, Bristol, Southern Worcester area

Absolutely contact the daughter right away. She may have some kind of power of attorney or know who does and can handle her mother's affairs before she even passes. The family may want to keep the apartment (paying the rent of course) for a month or two after she passes while they collect what they want or clean it out. If no one has a POA you may have to wait until an estate is opened and some one is in charge.

Be careful about letting anyone into the apartment unless they are the POA or handling the Estate or you may end up being responsible for all that missing jewelry!

I signed up with them too. Have not done any deals with or through them but have had some long conversations and got a much better idea of how it works. I would stay away from the vacant lots unless it is a place you want to be and get into building a home and then selling it at some point. Also be prepared to spend more then just the back taxes, at least in Florida. There is a cost to foreclose on your lien and that may include paying addition back taxes. For example you buy the 2012 tax lien and then you have to foreclose but you would also have to pay the 2013 and 2014 taxes. One example I ran through with them in Florida the cost of the lien was about $1000 but we figured it would cost about another $8000 to go through the foreclosure and actually end up owning the property outright. This was for a condo that might be worth about $40-50,000.