CA In-laws Pre-Foreclosure advice
Greetings bigger pockets community!
Two of my wife’s aunts have been living in her grandparents home for over two years since her grandparents passed.
The home has her dad and his siblings listed as heirs to the property (8 total). The property is now in pre-foreclosure due to failure to pay the mortgage.
My father in law does not want to communicate with his siblings due to their estranged relationship.
My wife and I are the only family members with enough income to purchase the property in Pasadena; and it seems like a potential investment opportunity.
We plan on calling the bank Monday to ask some questions.
Our reason for posting is that we are trying to figure out:
Is this a pre-foreclosure opportunity that we can invest in?
Where/who do we start discussing this with and what are the important talking points?
Do we need to discuss with all of my in-laws who were listed as heirs?
Any information would be greatly appreciated. Thank you for your time!