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All Forum Posts by: Austin Mirer

Austin Mirer has started 2 posts and replied 4 times.

Post: Deceased owner still on the title?

Austin MirerPosted
  • Bloomington, IN
  • Posts 4
  • Votes 0

Over the past year my wife and I have noticed a property in our neighborhood that looked vacant. After doing some research we found out who the owner was and assumed she still lived there. Upon doing some more research, we later found that she passed away nearly 2 years ago.

As she no longer is needing the house (R.I.P), and with her name still on the title, does she technically own it? The property taxes have been being paid by someone in Florida.

I would really like to flip the property and am curious how I would go about obtaining it from a deceased owner?? Thanks!

@Bill Brandt Great! Thanks for the help. For some reason I just couldn't quite remember that it is still through the loan.

@Kris L. As I read that out loud now, that makes total sense. Thanks!

If I were flipping a house and selling it to someone else, I know I would be subject to capital gains on my profits. But if I'm using the brrrr method and am able to refinance money out of the house, am I taxed on that? I want to say yes, but thought I'd just ask some of the pros on here