Acquiring a property that is scheduled for tax sale
I recently discovered a single family property near my home that is technically still owned by an estate and will be going into foreclosure as of 9/19/23. The owner is deceased and It is scheduled for tax deed sale. Is there a creative way to acquire? (ARV $400k. Currently owes $196k). The estate has been non-responsive.
Go to the town. That's my best bet. They will most likely be more responsive. After that, just pay off the tax deed and the estate has to pay you the amount owed + 20%. I'm not certain that's how it works, but I'm pretty sure.
Let me know if you need any additional financing, and I'll see what I can do!