Buying Property involved in an embezzlement/fraud???

Buying Property involved in an embezzlement/fraud???

Hello everyone,
I was wondering if anyone had any experience in buying property after it is "involved" in a crime.
Situation:
There is a house in our neighborhood where an older lady lived after husband passed away. She died and the executor of the estate(not family) and a previous caregiver she had evidently put the deed in the caregivers name They were arrested and the courtdate is coming up. My question is what is the process and who would get the property and what kind of opportunity could I have?? If it does go to the state (county, Feds), how could I keep track of it in case I was interested in getting it?

Any insight would be appreciated. Thanks

__________________


julieproctor wrote:Hello

julieproctor wrote:
Hello everyone,
I was wondering if anyone had any experience in buying property after it is "involved" in a crime.
Situation:
There is a house in our neighborhood where an older lady lived after husband passed away. She died and the executor of the estate(not family) and a previous caregiver she had evidently put the deed in the caregivers name They were arrested and the courtdate is coming up. My question is what is the process and who would get the property and what kind of opportunity could I have?? If it does go to the state (county, Feds), how could I keep track of it in case I was interested in getting it?

Any insight would be appreciated. Thanks


Sketchy...

So is it alleged the caregivers schemed/committed fraud to get their name on the deed? If so, the property is in contention for sure. The courts will likely block any sale or transfer of the property, or undo it if it occurs, until it is settled.

It sounds like the property will likely end up going to the next of kin or the state (in which case it will be auctioned). Most court systems post civil and criminal court filings, judgments, etc online. Follow it there or with court filings at the court house.

If they have a next of kin, you could try to make contact in advance with the assumption the rights will be transferred to them at some point, even making a tentative contract.

Unless they plead guilty and relinquish the property it could be tied up for months or years.


Yes, they allegedly

Yes, they allegedly committed real estate fraud to put the deed in their name. I will try to figure out how to go online to see court documents. Thanks for the info.
Julie


Syndicate content