Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

43
Posts
10
Votes
Jason Rivera
  • Investor
  • Philadelphia, PA
10
Votes |
43
Posts

U&O and Title

Jason Rivera
  • Investor
  • Philadelphia, PA
Posted

I made an offer on a property. Full ask, all cash. Signed the preliminary paperwork, agreed to the seller's quick close, and was ok with his agent being in some way related to him. He comes back and asks that I agree to paying u&o and one other thing that my agent thought might be a red flag. That other thing escapes me right now. We did some digging and we're comfortable moving forward. They insisted on using their own title company which I would be OK with normally but when we suggested to use our own, we were told that would be a deal breaker. My partner wants to walk away since we felt there might be some info being hidden and their willingness to walk out on the deal over a minor concession. I'm trying to figure out what a worst case scenario could be if they are, in fact, trying to hide something.

Loading replies...