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Updated over 4 years ago on . Most recent reply

User Stats

41
Posts
29
Votes
Brian Fiorillo
  • Investor
  • Denver, CO
29
Votes |
41
Posts

Help: Closing My First Off Market Deal

Brian Fiorillo
  • Investor
  • Denver, CO
Posted

I may have gotten a bit ahead of myself but I just landed my first off market deal in Kalamazoo, Michigan. 

Found this one by door knocking. Wrote the owner an offer three months ago which they initially declined. However, they just called me back saying they would like to accept. 

For those of you working off market, are you using a title company to process documents or simply hiring an attorney? The only hiccup I've uncovered so far is a reverse mortgage on the property, which is well below the accepted offer. I've provided proof of funds so now I'm just trying to correctly navigate closing the correct way.

Thank you in advance!

Most Popular Reply

User Stats

47
Posts
11
Votes
Josh Bloomquist
  • Investor
  • Portage, MI
11
Votes |
47
Posts
Josh Bloomquist
  • Investor
  • Portage, MI
Replied

I’ve never been in the situation you describe so take my opinion with a grain of salt, but I would go with a title company.  That being said I would run it by a real estate attorney friend of mine to get his advice (I know he would point me in the right direction even if it meant he doesn’t get paid!). You may have already done this but what about calling a couple title companies and a couple attorneys to see if they give you advice you feel you can trust?

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