Sep 9 (edited) • General discussion
Zombie
P- Houston TX
E-$130k after judgements paid
T-2 owners passed away at the same time. Have a D/T from a Mortgage company who is defunct. First financial bought their assets in 2009. No release or assignment of this loan. SOL expired on one A/J from early 2000's while a second A/J is recent right before one diedwith no release. If the D/T still is active it has 5 years remaining from maturity and another 4 from potential foreclosure if sold off. Both parties are also still on the deed
I-2 families of the decedent(s)
T-nothing imminent. daughter named in one will of the decedents has taken control of the property by renting it out. She put new floors, roof and hvac.
O-The other decedents family to buy them out.
A little lost on how to operate with this zombie loan attached to use it as a leverage point with the other family that is not involved from what I can see. What is my play here other than quiet title or acquiring the note itself?
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Zombie
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