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Updated about 9 years ago on . Most recent reply

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26
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Michael M.
  • Greenville, SC
11
Votes |
26
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Help! How to buy from deceased owner (and can't find heirs)

Michael M.
  • Greenville, SC
Posted
Greetings all! I'm newer to wholesaling and have been "all in" for about the last 4 months or so, trying to get a first few deals going. I've consulted this forum many times on other issues, but can't seem to figure this one out!I've found myself an interesting lead but can't seem to find a solution. Here is the situation:

--Abandoned, vacant, SFR in Lakewood (Jefferson County), Colorado

--2 years of tax liens against property--owned by a company in NY State. The lien holder can apply for a treasurer's deed at 3 years so the clock is ticking!

--no foreclosure records (indicating lack of mortgage)

--Owner of Record as shown by Jeffco is deceased, but no probate proceedings have begun (no heirs have come forward, etc). I did a free trial on "archives.com" and got the date of death, but little other info.

--Skip Trace (find the seller.com) could not find any living relatives

So the question is: how can I acquire this property? Is there a way to create an interest and foreclose outside of the tax liens (ethically)? If so, and if a lawyer is required, does anyone have a recommendation?
If I cannot find heirs, it seems my best bet may be to attempt to buy the tax liens from the existing holders (could be a tough sell if they are savvy to the situation). If I DO find heirs, then what? Do I just tell them to call the probate office at the county and I'll buy it from them when it transfers? I am completely ignorant on how probate works...

Please let me know if you have any thoughts or experiences that may help.


Thanks,

Michael McLeish, manager
MMC Home Solutions, LLC

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Why would you possibly think you could "create an interest and then foreclosure"? You think there is some maneuver so people can go around and steal other people's property? Really?

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