Problem starts when purchaser buys the home with a mortgage that they won't live to pay off, (Germany won't allow anyone older then 70 to get a mortgage); there may not be any heirs; House paid for, no heirs to inherit so no one cares.
Bob Massi the Property Man on Fox News Channel Saturday and Sunday afternoons mostly talks about Las Vegas Property, but talked about this problem when he went to FL. Seems wide spread.
Nothing can be done if no people are there to own the property.
What was always the saying: have your last check written to the IRS and have it bounce
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Kyrie Eleison
Philadelphia(Germantown) 20 years, Brandywine Hundred, DE 3 years, St. Mary's County, MD 38 years, Villages
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