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Updated almost 6 years ago,

User Stats

3,019
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2,319
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,319
Votes |
3,019
Posts

Flip now has a title issue: what would you do?

Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Posted

Hey BP fam!

I've been slogging through what WAS my first flip for nearly a year now (same old story here -- hired the wrong person, made other bad decisions, blah blah) and we've finally righted the ship by getting a start QB on the field and we're weeks away from market-ready now.  I can taste it!

Then Mr. Postman found me with some certified mail . . . never good.  Ever.

The sack-of-shade contractor that I canned for being so pathetic at his job that it illuminates my idiocy for hanging onto him for 8.5 months, filed a mechanics lien on the property.  Makes sense.  It won't go the distance in court if (sigh . . . . ) it goes to that, but it DOES sufficiently cloud the title and prevent a nice and simple sale.

So, without the ability to transfer the title right now, what would you do with a flip in a desirable location with a broad base of buyers looking to buy in that pricerange? 

Thanks in advance for your thinking here!

Will 

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