Investor · Sacramento, CA · Member since 2011 · 11 posts · 0 votes
I was driving for dollars and have found a house that the owner died in 2014, my search shows no children and no probate in the county records. There was a $150,000 loan taken out in 2007, it has moved to pre-foreclosure in January, but no sales date has been posted since 1/2017.
Is it possible to contact the bank (assuming the loan is still outstanding) to purchase the house? I think that it may be a tax foreclosure (in CA it's 5 years, we're going on 3 years since the owners death). Any ideas on who to contact in regards to purchasing this property would be greatly appreciated.
Try the bank and ask if they have any line of communication with anybody from the deceased family, and who is responsible for the mortgage payments? You can also look at local mortuaries or do an online search to see if you can find where the owner was buried and if they have an obituary. You may be able to find family member's names.