The guy who had power of attorney for the sale told me that the old lady who had the house kind of lost it and filled the truck top to bottom with household trash that had sat in the truck for years.

I put an offer on a property that was a hoarder house, the only reason it was for sale was because his parents passed away, and all the siblings BESIDES the one that was actually living in the house wanted to sell it.  

At BP, not only can you network with other real estate investors, but you can learn from the informative forums posted daily, find properties that are for sale, and take free courses.You have definitely come to the right place and I wish you the best of luck.

I just saw a Single Family property in my town with a For Sale By Owner sign on the yard.

That may not matter to you depending on your market and sales prices.

As I mentioned, according to my calculations, this property will go for 60 cents on the dollar after sales price/back taxes/my assignment fee compared to the ARV of the home. 

Final sales price was $138,000 and after all expenses we netted only $15,488.  

For the drawing up the paperwork, the one option you would have is to essentially be the bank and write up a deed of trust and promissory note and put a lien on the property payable with a due on sale clause or however you structure the payments. 

So I know i'm due for some taxes on the sale.  

Are they now the trustee in a foreclosure sale?