Reverse Mortgaged Neighbor Died
So, an elderly neighbor died in February. I want to buy the property. She was on a reverse mortgage that has switched hands several times. I tried calling the county to see who holds the loan with no luck. I talked to a real estate agent who informed me that there's not much we can do with it until the estate is settled or the bank forecloses on it.
The loan was originally through a Local State Bank, then
Financial Freedom, then
One Westbank, then Indymac.......then:
“IndyMac, a contraction of Independent National Mortgage Corporation, was an American bank based in California that failed in 2008 and was seized by the United States Federal Deposit Insurance Corporation.”
I can’t help but wonder if the bank/agency holding the loan even knows she passed! The house is now full of trash and has been vandalized. I’d like to get it ASAP. Any suggestions on any ways to jump start this transaction? THANKS