Senior Loan Officer
Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
That is the Jefferson County Master Commissioner's website. It lists all of the upcoming foreclosure properties in Jefferson County. You can search by address, zip code, party name (the name of the man who passed away), etc. Obviously, if the property you are looking at is not in Jefferson County, that won't be much help.
As for the transaction, it may or may not be a short sale. If the amount owed is less than the amount you are willing to pay, it would just be a normal transaction with the seller being the estate of Mr. ___. Only if there is more owed than it is worth would it be a short sale.
Not sure I can help you with the research other than the commissioner's sale, because you seem to be on top of that part, but if you need help negotiating the deal, I am happy to help you try to sort through that.
There are many issues regarding the situation you describe.
First the property must go through probate to clear the ownership issue.
After probate, the property may become owned by the bank. In some cases the bank can choose NOT to take ownership due to extensive leins/liabilities against the property. The bank may then attempt to package this asset for a bulk sale to an investor or investor group. The bank will next assess the options for sale via auction or through a broker.
The moral to this story:
This property may NEVER become available for your purchase.
Your best option, get on the "A-LIST' of your real estate professional in Louisville KY. "A-List' buyers are those in whom the real estate professional has confidence are not tire-kickers, but have real intention and ability to purchase a home.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
There is a good reason why God put a rattle on the tail of the snake; LISTEN!
Shortsales are tenuous at best; this is fraught with trouble.
In any case, you need a Realtor running in front of you:
Let them research this, and listen to them.
Good luck and may God bless