I'm a rookie investor looking to do my first deal. I'd be nervous with an auction but this is a little overwhelming...
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The resident has been in assisted living for some time now(he won't be moving back).
The house is in a life estate.
His son and some cousins recieve (?) the home when the man dies.
The county Public administrators office is his executor/power of attorney (?). She said that they are trying to get the county to declare the house abandoned. The hearing by the county health dept. is in a few days.
It is over two years behind on taxes and will be auctioned this summer unless it's brought current.
The house is a wreck. But if it's like others in the neighborhood it's of solid construction.
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What do I need to know, what is the proceedure for this sort of thing? This wasn't covered in my online class. :wink:
Can I do this deal? Should I even try?
