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Updated over 7 years ago on . Most recent reply

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Robert Keller
  • Floyds Knobs, IN
4
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13
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Properties in deceased person's name

Robert Keller
  • Floyds Knobs, IN
Posted

Hello everyone,

      I'm just getting started with wholesaling homes.  My husband and I went "driving for dollars," and we identified several homes within a 2 block radius that we could start reaching out to their owners about selling.  While doing some research on these properties, I discovered that there were 3 houses that were listed under a person's name who is now deceased.  I haven't been able to dig really deep to see if there are any next of kin, but I'm assuming that's where I need to start.  I know that these properties continue to collect liens from the city for different infractions (needs cleaning, boards on windows, etc.).  I have a few questions.

1.  Where's the best place to find out if these properties should be passed on to next of kin?

2.  Since these properties continue to collect liens, do I contact the city to see if these liens can be waived or part of them waived if there is no next of kin?

3.  Who else should I be contacting to see if we can obtain these properties if there is no next of kin?  And if there is a next of kin, what questions should I be asking if we're still interested in obtaining these properties?

Like I said, I'm a newbie in this area and just need to know what cans of worms I could be opening up.

Thanks in advance for your advice and time!

Lauren

Most Popular Reply

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538
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Bryan Blankenship
  • Investor
  • Cincinnati, OH
431
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538
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Bryan Blankenship
  • Investor
  • Cincinnati, OH
Replied

Skip trace ALL family members you can find and just start dialing.  Eventually you'll find someone that knows something.  Call, find them on FB, mail to the heirs, put a door hanger on the front door asking for anyone who can get you in touch to call you, etc.  

And yes, liens from the city vary, but most can be reduced drastically with negotiation. 

We've negotiated liens from $25K to $1500 and similar large drops plenty of times.

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