Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

18
Posts
8
Votes
Rhandell Mitchell
  • Columbus, OH
8
Votes |
18
Posts

City Taken Possession of Property - Will Not Allow Owner To Sell

Rhandell Mitchell
  • Columbus, OH
Posted

This evening I had a discussion with a potential seller only to find out that the city had taken possession of his property. He mentioned that last year he tried to sell it but the city would not allow it. 

There was lots of ambiguity in regard to how to get the city to release the property so he could sell it. 

After doing some research I found the most recent transaction was to an Asset Management company but there was no Grantor and no Sale Price in the transaction record. 

With this said, does anyone have experience with this and know how to get this type of thing cleared up so the city will release the hold on the property so that the owner call sell? 

Loading replies...