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Updated about 5 years ago on .

User Stats

21
Posts
3
Votes
Vincent C.
3
Votes |
21
Posts

private home purchase without escrow/title; documents

Vincent C.
Posted

I am trying to purchase a property from my uncle without going throw escrow or title company. It would just be a private sale. I am okay keeping it simple, as the tenant is current on payments, and there are no outstanding bills, and property taxes are paid. Mid-lease inspection has been done by the property management company. I actually was going to purchase the property from a wholesaler last year, but ended up letting him purchase it, so it had already gone through title. He has decided he did not want to be a rental landlord and is okay selling it to me for a good price. 


Does anyone have any blank purchase contracts this type of transaction?

Also, would a purchaser's affidavit + special warranty deed be sufficient? Anyone have any blank documents of these?

Anything I'm missing? 

My thoughts are, we sign the purchase contract, get a purchaser's affidavit and special warranty deed notarized, and then I can record with the local county.