I Think I Found An Abandon Property, I Want It, Now What?

Gyva profile photo

I have found a run down building/commercial garage and I would like to know if there are ways of just getting it free and clear??? I believe I've heard of ways to do this but can not remember. What steps shoudl I take. The property seems to be commercial zoned.

Comments(5)

  • jeff1200212th May, 2004

    Yhe topic you're referring to is called Adverse Posession, and it's not really talked about much on this site. Try doing a search on Google. There's info out there.
    Jeff

  • jkcksoup12th May, 2004

    I've not researched a home like that, but I would assume a little digging at the county court house would take you a long way. Take the address and find out who it's listed under. (A little extra research would be needed if it's under an LLC or the like.)
    Have fun! grin I learn stuff and meet people every time I do some digging at the court house. wink

  • loon12th May, 2004

    By all means, track down the owner; you might be able to do it on your county's website without even getting out of your chair. Do a web search of the name, you might even find owner's eddress so you can email him/her, still without getting up. Tell the owner you've noticed this empty property, make a few comments about the neighborhood (esp. if you know any of its history), soften owner up by saying you were wondering what plans they have for it. They'll tell you if they'd consider selling; I like to ease into that part slowly...Could be they don't even know what it's worth, and will like that you're interested in the property, not just in buying it.

  • Gyva12th May, 2004

    are you saying there is a way to search status of address from the web??? could you go into more detail??? thanks so much!!!!!!

  • loon12th May, 2004

    Most counties--even some rural ones--have assessor info on line--you can typically search by address, name, PN, legal, and/or other criteria--and you can get owner name/address, tax values, status of taxes, comps, depends on how advanced (and flush with $$) your county is.

    Some even have recorder info, viewable deeds and other docs, etc. Do a search or call them and ask. Only the savviest investors are using this info, so you'll have a leg up. It's really good to be prepared with this info.

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