Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Whole Seller filed an affidavit of contract then disappeared
So I get a call from the seller and go to the property and contract it. I get word back from the title company that someone had filed an affidavit of contract about a year ago. I discuss this with the seller and he says that whereas he could not get clear title a year ago due to probate issues that the seller and whole seller agreed to part ways.( sellers side of story).
It appears that the person that filed Affidavit a contract must of been a Whole Seller with a generic LLC. Think last name LLC. The seller has tried the phone number of the Whole Seller and Whole Seller does not answer, does not have a voicemail set up, and does not respond to text it appears.
What can be done to clear this cloud of title in the most cost-effective manner?