Buying from a women where lender went under.......
Hello BP Nation:
I was in court yesterday and found a women that is interested in "getting out" of two properties. Both properties are in dire need of repairs, no vitals systems, copper, tough shape. She called me and wants to work out a deal. I am interested in the properties for little to nothing and am willing to take on the due diligence of back taxes, city liens, and rehab. BUT I am not sure on how to properly and legally take ownership as these are not free and clear. The first property has a mortgage and the second one ( The one i really like ) the money was borrowed from a local HML that has gone belly up. Any suggestions on how to best handle. I am not seeking 100% legal advice just suggestions. Thanks to all.