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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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HomeForumsForeclosuresDeed in lieu of foreclosure for abandoned house
Kenton McDaniel's profile image
Kenton McDaniel's profile image
Kenton McDaniel
  • Rental Property Investor
  • from Houston, Texas
  • Member since Nov 23, 2017
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Kenton McDaniel's profile image
Kenton McDaniel's profile image
Kenton McDaniel
  • Rental Property Investor
  • from Houston, Texas
  • Member since Nov 23, 2017
Connect
Kenton McDaniel
  • Rental Property Investor
  • Houston, TX
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Foreclosures

Deed in lieu of foreclosure for abandoned house

Kenton McDaniel
  • Rental Property Investor
  • Houston, TX
Posted Sep 9 2019, 12:40

Can you file a deed in lieu of foreclosure on a abandoned house? The owner is deceased,but the daughter is the heir to the house she just doesn't want any part of the house.The house has equity of 500 grand,300 grand in federal Tax liens ,and 300 grand along with property taxes. Is the house worth a shot of a wholesale deal?

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