P.E.T.I.T.O Property: Single Family in Florida Equity: Ranges from 500-600k (Sniff test amount) Title: In name of deceased owner who passed away for more than 2 years to-date. Interested Parties: 4 heirs. Main heir is willing to rally all other siblings if there are no upfront costs on their end. Threats: Date: 4/12/2002 Lender: WA MUTUAL Loan Amt: $30,000 Loan Type: fixed‑rate, closed‑end, future‑advance mortgage loan Date: 7/15/2004 Lender: WA MUTUAL Loan Amt: $50,000 Loan Type: Stand-alone mortgage Date: 5/23/2008 Lender: JAMES B. NUTTER & CO Loan Amt: $510,000 Loan Type: Reverse Mortgage ReFi Searched for mortgages and deed of trust in the county recorder and clerk of court, but only found the 1st loan in the records. Decedent passed away 2 years ago and the property is only behind on 2025 year taxes, and I cannot find any judgment or lis pendens action from the R.M Lender nor any assignment of mortgage. I looked further into the Reverse Mortgage lender's name 'James B. Nutter & CO' and found this DOJ article: https://www.justice.gov/usao-dc/pr/james-b-nutter-company-pay-24m-allegedly-causing-false-claims-federal-mortgage-insurance If you've read the article, it's to my knowledge, when banks are falling apart or going out of business they'll usually sell the note by assigning it over to another loan servicer, but I haven't been able to find anything like that in the county recorder's and clerk of courts. The previous lender settled for $2.4m and they have completely STOPPED originating loans since 2022. With these pattern of facts would this be a RESOUNDING "O"PPORTUNITY??? lol Is there a possibility that the lender has forgotten about this loan during the whole debacle? Even though reverse mortgages are U.S backed loans could there be an opportunity to quiet the title? Thank you for your inputs!

We’re dealing with a squatter situation in New York. The heirs mentioned that the occupant was the decedent’s best friend, but he hasn’t been maintaining the property, and now there’s a foreclosure suit pending. I tried reaching out to him directly. When that didn’t work, I contacted his kids. Then I went another level down—relatives and associates. Only one relative, a half‑brother, responded, and he basically said he doesn’t care what happens to him. lol My goal is simply to get a conversation started—nothing heavy like a demand letter. Ideally, we’d offer a cash‑for‑keys arrangement instead of going through a legal eviction. As I continue following up on all provided contacts, I wanted to ask the group: What would you say in a text or voicemail to get his attention?

Most people think underwriting a heir property deal is complicated. It's not complicated. It's just five things, every time: Title. Tax. Probate. People. Property. We call it TTPPP (yes, we laughed too). Every deal we look at gets run through all five before we spend a dollar — vesting deed, succession chart, where it sits in the tax-sale timeline, who the heirs actually are, and what the property's really worth. We broke down the whole process in this video. Enjoy!

PETITO SUMMARY — 3 HOMES, FAMILY TRUST AND HEIR DISPUTE Where: California Who: 2 family lines What: One branch of the family lives in all 3 homes right now. I'm sharing this for feedback. I want to know if this deal looks good to other experienced operators and would like some insights if I'm missing anything. PROPERTIES::: Home 1: - 3 bed, 1 bath, 1,160 sqft house - 0.32 acre lot - Value guesses (at 70% of full price): Zestimate: $239,260 Propwire: $231,988 XLeads: AVM: $266,186 MKT: $383,040 Home 2: - 2 bed, 1 bath, 897 sqft house - 0.34 acre lot - Value guesses (at 70% of full price): Zestimate: $249,190 Propwire: $181,805 XLeads: AVM: $280,242 MKT: $341,964 Home 3: - 1 bed, 1 bath, 662 sqft house - 0.4 acre lot - Value guesses (at 70% of full price): Zestimate: $200,970 Propwire: $155,339 XLeads: N/A AVM: $256,346 MKT: $305,298 Total value for all 3 homes (70% of value): Zestimate: $689,420 Propwire: $569,132 XLeads: AVM: $802,774 MKT: $1,030,302 EQUITY::: Total taxes owed on all 3 homes: about $10,600 Home 1: about $4,140 owed. Late on taxes from 2023 to 2025. This year is paid. Home 2: about $2,130 owed. Late on taxes from 2023 to 2025. This year is paid. Home 3: about $4,330 owed. Late on taxes from 2021 to 2025 (the longest). This year is paid. *Solar Lien (amount unknown) TITLE::: - The grandparents used to own all 3 homes. - In 2007, they moved all 3 homes into a family trust. From that point on, the trust was the legal owner, not the grandparents by name. However, they are named as "settlors" and "trustees" within the trust transfer deed. - Both grandparents have since passed away. One passed in 2018. The other passed in early 2019. - In 2021, a solar lien was placed on one of the homes. But both grandparents were already dead by then. This means the lien may have been taken out through fraud — someone may have signed for people who were no longer alive to sign anything. This is a big red flag. INTERESTED PARTIES::: - One branch of the family (the late son's side) owns half of the estate, 50%. This half splits between 4 people: 2 brothers and 2 sisters. Each one gets about 12.5%.

This is more of an angled question.. but I am currently talking to one of the heirs in Florida who was named executor. She has opened up 3 probates and have an ongoing lis pendens from a reverse mortgage note. I believe the principal, interest, and other fees combined totals up to 399k for thr payoff.. but the property burnt down and it is just a lot now. Is it possible to do a short sale on this lot? I have no idea how short sales work lol