Re: Need Help Getting the Deed - Posted by eric-fl
Posted by eric-fl on March 22, 2001 at 14:56:13:
Why would you EVER not use a purchase and sale agreement? So the details of the deal can be totally nebulous and he can come back and sue you in two years, when he’s back on his feet? Plus, you need to, at the very least, do a title search before you go off recording deeds and such. Here’s what I would do if I were you:
Get a contract signed, with a short window if you want, but it doesn’t really matter. No seller ever objected to closing early, that I ever saw. Put in a due diligence clause so you can back out if needed.
Order Bronchick’s “Cash Cow” course. It costs like $295 or something, and has all the forms and instructions you need, and there are quite a few for this. You have a deal IN HAND, so I would think the expense would be justified.
In the meantime, AFTER the contract is signed, search the title, and start contacting lien holders to negotiate potential discounts.
Get overnight shipping on the course, and then follow the instructions for getting the deed.