How to acquire a property that seems to be forgotten about?
Their is a property here (Austin, Tx) that seems to be forgotten about. It's a large run down home in a nice neighborhood with a lot of potential. Only one problem, noone seems to know what to do with it.
This property is overgrown, worndown, two stories, has a pool and 51,000 dollars of debt.
After some investigation work (literally hired an investigator) we found the owner living in another city. The owner, who has owned the home since 1997 is dead. So we contact his mother, who from deed history seemed to of sold him the property, is also dead. After much grievances and more telephone calls to family members, no one seems to know what I'm talking about or even own the property. The city isn't much help as all they can tell me to do is contact my attorney (I thought they would want their money).
This all now leaves me with my main question, "What do I do now?".
- What type of attorney specializes in this type of circumstance?
- How will this deed transaction occur?
- Will the city call the tax balance due?
- What other things should I be concerned about with this situation?
Any and all replies will help tremendously, thank you in advanced and #biggerpocketsforthewin