Posted by Ed Copp (OH) on March 23, 2001 at 18:01:55:
Jason,
You can have them assign the purchase contract to you, and then have the new deed made out to you. Be sure the title is clean.
DEED - Posted by jason hardy
Posted by jason hardy on March 23, 2001 at 08:38:41:
I have a partner that owes me. For this IOU they are going to give ownership to me of a duplex that they own. They are owner financing the property from the original seller, but have yet to get the deed. The original seller owns the property outright. Whats the correct process that my partner should go through for the easiest way to get the deed recorded to them, and then from their name to my name? They only have a purchase contract that is signed by both parties stating the owner financing and the price. What else do they have to do document wise, or anything wise for that matter? Have the original seller sign a general warranty deed, have it notarized and recorded? And then when this process is done, quit claim or sign another general warranty deed to myself, and record this after? Thank you very much!