UPDATE: Illegal Tenant/Bar of redemption - Posted by JOHNMAN


#1

Posted by PBoone on December 08, 1998 at 24:04:03:

johnman,
I sure hope there is a LOT and I mean a LOT of profit in this deal to go thru this !!!
Pat


#2

UPDATE: Illegal Tenant/Bar of redemption - Posted by JOHNMAN

Posted by JOHNMAN on December 07, 1998 at 23:16:39:

To those who are interested,

Here is an update to my situation. I just got the word today on what my options are with regards to a property I am trying to close. This property has a “MESSY” title. The illegal tenant (disbarred lawyer) has a lot to do with this situation. Here are my options:

  1. wait for the property to be sold on the auction block.
  2. take it to the supreme court to clear the title (expensive and very time consuming)
  3. ask the “tenant” (former owner) the give me a quit claim deed

No. 3 has something to do with the history of the title transfers and the bar of redemption. He is the key to this whole mess. So, I will take a shot at this and will talk to him hopefully by Wednesday. These options were given to me by my atty.

Wish me luck.

Johnman


#3

Money talks… - Posted by Bo (GA)

Posted by Bo (GA) on December 08, 1998 at 14:49:00:

Assuming you are going to make a lot of money on this deal, have you considered offering the disbarred lawyer some “walking money”?

“You catch a lot more flies with sugar than with vineager”

1/50 of a dollar worth.

Bo