Updated 5 months ago on . Most recent reply
Navigating legal issues for motivated seller
Location: Pinellas Park, Florida. So I found a motivated seller. So I know a guy whose mother passed away a few years ago. He's 2 years behind on the taxes. He has inherited roughly 80 percent of the property from his mother, but never officially had his name added on for home ownership. His roommate and co-owner is trying to evict him. She is listed as an owner. She's also sued him a couple times for frivolous things and won. And is currently threatening eviction from his childhood home. He wants out because he is TIRED. He reached out to me, because I'm a real estate agent. But the investor in me feels like I can get a deal and create a win-win for everyone involved. But where to begin? The taxes won't cause an auction for another year. The pain point is living together and being behind on taxes. The unknowns, I have no clue if the other party would sell or if he can make her. I have no idea how distressed the property is. I'm feeling like I need an attorney to help me navigate. I have no idea what purchasing in a situation like this would look like, but I'm excited to learn.