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Updated over 5 years ago on . Most recent reply

User Stats

20
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3
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Josh Fralish
  • Rental Property Investor
  • Leesburg, GA
3
Votes |
20
Posts

Red flag! Nothing is free, need some help

Josh Fralish
  • Rental Property Investor
  • Leesburg, GA
Posted

I'm contracted on a group of single family properties and the seller wants to deed me over a free lot. There will not be a lawyer involved so it wont go through any "red tape". She wants to just give me a free lot and says that there is nothing to be worried about and I cannot get the address of this lot from her. She said she is about to mail me something to sign to get the lot but I dont want to fall into some kind of trap. What do I need to look for to make sure that it is in fact a free lot with no strings attached.

Most Popular Reply

User Stats

840
Posts
899
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Nik Moushon
  • Architect
  • Wenatchee, WA
899
Votes |
840
Posts
Nik Moushon
  • Architect
  • Wenatchee, WA
Replied

First off DONT SIGN ANYTHING until you have all the information on this piece of property. Second go get a title report on the property. That should be able to tell you a lot about the property, especially if there are any liens against. Lastly, I dont trust her "free lot". She has ulterior motives for sure. 

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