Buying a Property from a family member

[Laura Lamberth]

I have a question as a NEWBIE...I am buying my uncle's condo to bail him out of a yucky situation.  It needs a lot of work so he just needs his mortgage paid off $30k.  I only have one property that I went through a realtor, but this is just a simple quick purchase.  What exactly do I need to do that would be simple, cost effective and quick.  I know I will need a contract, that I am sure I can find online, but then what?  Sorry, the first rental I really didn't pay attention of the steps, because I got my hand held along the way, which I guess wasn't smart on my part!  Thank you for your help!

[Tom Fidrych]

I'd get a  quotes from 3 title companies to make sure the price is in line for your area. You want to make sure he doesn't have any past due property taxes or other encumbrances he may not even remember.