InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Possible NOD Probate?? Posted by polarisis on October 05, 2003 at 9:56 AM Hi everyone. I'd been sending letters to an owner in default who I just recently found out is deceased. The owner's heir (daughter) was the caretaker and is planning on letting the home go back to the bank. She is very interested however in letting me takeover the payments or buy the home outright. I'm not sure if she's the sole heir however. I'll speak with her today about that as well as find out the exact terms on the existing loan. I'm not sure how to work this angle however since she's not even the owner. Because the owner is now deceased, it puts a cloud on title. I can't buy it from the owner outright. I'd like to either work a short sale or take title subject to. How do I get around this? Your helps Follow Ups: Re: Possible NOD Probate?? polarisis 8:03 PM, 10/05/03 (2) Re: Possible NOD Probate?? Jim 3:19 PM, 10/09/03 (1) Re: Possible NOD Probate?? polarisis 6:52 PM, 10/09/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi everyone. : I'd been sending letters to an owner in default who I just recently found out is deceased. The owner's heir (daughter) was the caretaker and is planning on letting the home go back to the bank. She is very interested however in letting me takeover the payments or buy the home outright. I'm not sure if she's the sole heir however. I'll speak with her today about that as well as find out the exact terms on the existing loan. I'm not sure how to work this angle however since she's not even the owner. : Because the owner is now deceased, it puts a cloud on title. I can't buy it from the owner outright. I'd like to either work a short sale or take title subject to. How do I get around this? : Your helps Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455