Investor · Wauwatosa, WI · Member since 2013 · 53 posts · 9 votes
Found a property via driveby...
Researching it and find out that the owners were killed during a standoff over a year ago(not at the property).
There is a 'LPS' notice on the property. Their website suggests you contact the assessors office to find out the owner. The assessors office still has this fellow listed as the owner.
Taxes have both deceased as owners. No taxes have been calculated for 2013
I'm not able to find any indication that the property has been foreclosed.
No one has opened probate.
I would think(please correct me if Im wrong) that the register of deeds would still have it in the decedents names as well until the property is sold?
How much is the property worth and approx. how much is owed on the mortgage(s)? There is no point is pursuing anyone unless there is significant equity in the property. I'd put the odds of there being significant equity at 20-1.
I would not sit back and assume that no other investor is going to grab it. It's a pyramid - the more work something needs, the fewer people are willing to look closely. I don't like competition, so I like to work on those that nobody else wants to bother with. Have made some good money with them