Good day,
Yes it is, as a matter of fact. Unless I’m still half-asleep when this deal crossed my desk this AM. You be the judge, and I’d appreciate your input and any suggestions (ethical suggestions) on how to handle this very “possible” deal.
The names have been changed to protect the innocent.
Setting the scene…mid-Michigan
The homeowner: exactly x 2 the actress who played Danny DiVito’s scary Mom in “Throw Momma From the Train”. OOOWWEENN! Plus she has a serious drinking problem so catching her sober is like trying to thread a needle. She is paranoid about being taken advantage of & anything with legal documents she just about has a panic attack.
Bev (not her real name) lives on 10 acres out in the boonies. She’s over 3 years behind on her prop taxes. The house is a real dump and she’s a real battle-axe. 12 rooms and she get only gets around in 3 of them - including the bathroom I’m told. She’s one of those compulsive pack-rats you’ve only heard or read about so she’s collected nothing but crap for six years.
It also has a couple of so-so size barns and I have zero idea what they even look like. Haven’t even seen the property for that matter. But as soon as it crossed my desk this AM i knew exactly who and where that was.
The SEV for the prop is slightly over $200k.
She owes slightly under $20k in back taxes, 3 yrs behind…and counting.
She’s pleaded “hardship” back earlier this yr I find out and apparently has been granted a 1 year extension so we’re looking at an early spring 2008 b4 this thing goes to tax sale. I’m only guessing.
I know nothing about the hardship laws (county? State?) and how many times she can keep re-submitting her hardship paperwork to get another extension to stay there?
Where do I find that info out?
Did my calculator just read $180,000.00 in equity to play with or did I punch in to many zero’s…again?
Would you run?
or would you walk?
Anyone with experience or suggestions in this matter? Do I just skip shaving this AM, jump in my car and hustle on over there and get a signature? And face the wrath of Danny DiVitos mom? Thats the part that I’m uneasy about.
What do I wear in case she throws something at me?
I know nothing about tax sales or hardship homeowners. First time I’ve run across something like this but it got my attention.
Someone point me in the right direction.
Much Obliged