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Updated about 4 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Chad Ullrich
  • Rental Property Investor
  • NWFlorida Santa Rosa County
2
Votes |
13
Posts

Probate Property Purchase

Chad Ullrich
  • Rental Property Investor
  • NWFlorida Santa Rosa County
Posted

Signed my first assignable purchase contract for a small cash flow property for $32k. This is my first experience in real estate investing. I'm now being told by the title company the property is in Probate. Property company now sending me an addendum stating new closing date is March 1 not December 24. I've paid my $3k EMD.

Is this just part of the process when buying from wholesalers?? Shouldn’t this have been disclosed upfront?

Any advice on how I should handle this going forward would be tremendously beneficial!

Will I need an attorney? Costs?

Thanks and happy holidays to all!

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