Re: CAN SOMEONE EXPLAIN A KITCHEN TABLE CLOSING - Posted by Utah Investor
Posted by Utah Investor on February 04, 2002 at 08:32:21:
I’ll be brief. The real answer is you should have someone explain it to you over the phone, otherwise we would be writing 10 pages here, but here goes:
It doesn’t have to be in a certain order. Create a win-win for them in their life. If they agree to give you/sell you their house, have them sign a Quit Claim/Special Warranty Deed (depending on the State you live in).
Words of advice:
Have you checked title? Be sure - this is where people get burned.
Do you know/or verified what is owed? This can get ugly as well.
I don’t give money to homeowners without them having their possessions out of the house, otherwise, if you give them cash now, they’ll never leave, and you’ll go through hell getting them out (you now become the home-stealer in court).
You’ll do great, just be clear. Good Investing.