How can I get a distressed home under contact?
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How can I get a distressed home under contact?
A distressed home is near me.I have tried to contact the owner but no leads.I have a copy of the deed but the trustee listed is missing and can not be found on search engines or anywhere it doesn’t show alive or dead.The grass is kept cut and clean.What can I do to get this property.
Asked on July 22, 2019 under Estate Planning, Texas
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
You can't gvet it under contract unless:
1) The current owner (or trustee, if the home is in a trust; or executor or administrator of the estate containing the home, if the owner died and the estate is in probate) can be located and voluntarily agrees to sell to you: you can't force someone to sell.
2) The home is foreclosed upon by a lender for not paying the mortgage, or the city(or county, or school district, as applicable) for not paying property taxes, and you buy the home at the foreclosure sale or auction.
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