SFH in pre-forclosure; owner recently deceased. What should I do?

Question

I'm interested in house hacking a MFH but I just found out about a SFH across the street from my mother. Previous owner passed away and per Zillow it was scheduled for auction as of 2/6/19. Listed at 90k with a Zestimate range of 127k-165k.

I'm a newbie, never did a deal but learning (thx BP!). I feel like a deer in headlights. WHAT SHOULD I DO?

Obed H. Bey · Answer

Can't hurt to do the research right? Thanks so much for the input. Much appreciated.

Obed H. Bey · Answer

Thank you. I appreciate the input.

Brian Midden · Answer

@Obed H. Bey

Do your research and see what the house is valued at. Zestimates mean nothing. Get comps from the MLS and see what the value of the home is.

Instead of passing on the deal I would suggest trying to wholesale it if possible.

Thomas S. · Answer

Stick to your plan of house hacking a multi. Foreclosures are common as dirt.  No reason to get excited about this one.

SFH in pre-forclosure; owner recently deceased. What should I do?

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