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23
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4
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Marcus Moore
  • Flipper/Rehabber
  • Irving, TX
4
Votes |
23
Posts

Buying debit from a decease person estate

Marcus Moore
  • Flipper/Rehabber
  • Irving, TX
Posted

Ok so I ran into a home where the owner has passed away about 1year ago. Her mother and dad have passed away and had no other children. The deceased lady had was the only child. So it was hard to track down a relative but I found one in California.

She gave me a run down on what happen to the deceased women. Long story short Relative wants nothing g to do with the property but when I looked up the deceased woman info she owes the bank 5600. No other liens on the property.

So my question is: is it legal to buy the loan from the bank and file it to take over the property as a renter home.

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