Correct me if I'm wrong, but what I think @Wayne Brooks is saying, is that the borrower does not have options like "Keep your Home" or bankruptcy, because the borrower is deceased.  

Or to have the title co. say that because the borrower was deceased at the time the judgment was filed and the creditor didn't name his estate as a defendant, they were going to omit it.

Fred, no there is not a balloon payment, and to go along with Adam's point, to get the duplex on a discount would be ideal, i.e. offering around $80,000; however, it seems that a deal like that is bordering on too good to be true?

There are a lot of people from the PNW - I'll include you even though you're over the border.  

hello, I am a Canadian licenced Relator just living across the border from Buffalo.

Here's my first REO Deal:I live in West Central Georgia on the border of Alabama attempting to make my first offer on a 2 story in a decent neighborhood that has only been on the market for 2 weeks:Built 1967 4 bed/2.5 bath3370 sqftlist price is $110kNeeds $50k-$70k in repairsFixed cost projected $20k Projected Profits $20k-$40KPlan is to close on the property for hopefully under $110k Renovate the property within 4 monthsMove in by December 2013 and live in it for 1 yearList it for sale in Fall 2014 for around $230kComps have it coming in around $225k but think will be hard to sell in our current market and would be better to wait.

Lately I've decided to focus my attention on the Bronx, specifically the areas bordering Mt.

Is the former owner deceased?

. : That being said, sometimes tax sale is the cheapest and best way to fix a complicated title flaw (think several generations of deceased persons and all their heirs).

I currently live in Evergreen Park Illinois which is a south suburb right on the border of Chicago so anyone in the area or even out of the area let's connect, inspire, and all grow!