Mentally Ill Seller

[Craig Norris]

Hi all,

I have a potential seller who is clearly mentally ill. I've talked to her on the phone a couple of times and it's certainly interesting each time. 

Obviously, entering into a contract with someone who's not of sound mind is questionable. Worse, entering into a contract with someone who isn't competent leaves me prone to a voidable contract after the transaction has taken place.

Options I'm considering:

1. Ask her if she has an adviser, attorney, or other person who acts in her interest. Contact that person and conduct the transaction through the two of them. 

2. Hire an (ethical) attorney to conduct the transaction on my behalf (which I would do for #1 as well).

3. Scrapping the whole thing before I get too deep.

All advice is appreciated.

Best regards,

Craig Norris