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Updated about 10 years ago on . Most recent reply

User Stats

30
Posts
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Victor Noriega
  • Investor
  • Round Rock, TX
10
Votes |
30
Posts

Verifying the property owner

Victor Noriega
  • Investor
  • Round Rock, TX
Posted

Hi, I have a motivated seller for a vacant lot who contacted me yesterday.  He was the step-son of the property owner.  He found me after one of my direct mail campaigns.  He mentioned his step-father was deceased and he was now the owner of the property.  This is a going to be a cash deal, and I am still new to land buying, so I am using a title company for all my closings.  Before I send out the contract to purchase, what documentation should I request from the seller to verify they are the owners?  The individual I spoke with mentioned that his attorney said he was the owner, so I'm sure there is some type of documentation.  I will contact the title company to verify the cost out of pocket in case the person I am in contact with is not the actual owner.  

  • Victor Noriega
  • Most Popular Reply

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    23,418
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,508
    Votes |
    23,418
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    Replied

    When your title co. Runs the title search, they'll find out if he has the right to sell.  If not, they can tell you what he needs.  A couple hundred bucks.

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