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 about 8 years ago, 10/26/2016

User Stats

33
Posts
0
Votes
Richard Bader
  • Investor
  • Hendersonville, TN
0
Votes |
33
Posts

Advice please, Cash purchase with no realtor.

Richard Bader
  • Investor
  • Hendersonville, TN
Posted

I have a friend that just recently went through a divorce and his house is going into foreclosure next month 11/18. The home is around 1200 SQ ft, 3 bedroom, 2 full bath, 1 car garage, nice size yard, fairly good shape but needs all new flooring and paint. They owe $75,000 and rehabbed I would believe the house would easily bring around $135,000. The ex wife would like to keep the house to keep their kids in the same schools but both his and hers credit scores are bad and they are unable to refinace. I have offer them $75,000 cash and a lease for the ex wife for $750.00 dollars a month for a year. Here is where I need the advice. We want to close this cash deal without a realtor, do i just need to contact a title company and let them know the situation and request a closing. I want to make sure there are no back taxes, liens, second mortgages, etc. What would be my steps to closing this deal?

Loading replies...