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Updated over 10 years ago on . Most recent reply

User Stats

102
Posts
13
Votes
Spencer I.
  • Investor
  • Houston, TX
13
Votes |
102
Posts

2 Sellers in title and 1 has leins

Spencer I.
  • Investor
  • Houston, TX
Posted

Hello all,

I have a question. I have a property under contract with the seller and the seller's brother in title. The seller's brother has a lein on his name that will pretty much kill the deal. Using a general warranty deed, can we have the seller's brother grant the seller sole ownership of the property so it can be sold? Is there another way to do this? or should I just move on from the deal?

Thanks in advance

Spencer

Most Popular Reply

User Stats

2,770
Posts
3,665
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
3,665
Votes |
2,770
Posts
Aaron Mazzrillo
  • Investor
  • Riverside, CA
Replied

You are in Houston, Texas and you're saying a $17K lien is killing your deal? What are you buying, a mobile home? How much money can you make from a house apparently worth somewhere around $20-$25K? Up your game man! All the same rules apply. It is the same paperwork. You can't make a 6 figure payday on a 5 figure house.

I used to buy $100K houses and it was a lot of fun. It was work, stress, risk, and reward. Then I started buying half million dollar houses and guess what; same work, same stress, same risk, but much bigger reward.

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