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Updated over 5 years ago on . Most recent reply

Joseph Alcott's profile image
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Joseph Alcott
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Joseph Alcott
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Buying & Selling Real Estate

Deed Transfer Question

Joseph Alcott
Posted

I found a house through a wholesaler that we were supposed to close on today in Tulsa Oklahoma. 

Turns out the owner owes quite a bit more than the agreed price. He is going into bankruptcy and wants to deed the property over to us to get out from under it. 

what are my options and can I end up getting the property for cheaper than originally agreed? 

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Russell Brazil
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Pay off the lender, or he can hire an agent, list it and attempt to short sale the property.

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