Updated over 9 years ago on . Most recent reply
Estate with property that is going to go into foreclosure
Hello, I'm looking for some advice/assistance. My father-in-law's dad passed away and has a home in Florida. He has an estate set aside and has been advised by a lawyer since the property is under water and currently behind on payments to let it go to foreclosure. Non of the siblings want the property. However, I am very interested in the property. I am not familiar with the short sale laws in Florida. If my father-in-law was to contact the mortgage company and start the process for a short sale, what would that consist of? Also, would I be able to puchase the property with being connected to the family? I could create a separate company in order to close if need be. The family is very adiment about nothing coming out of the estate for the property. Thanks!