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Updated about 9 years ago,

User Stats

295
Posts
34
Votes
Burt L.
  • Real Estate Investor
  • Steamboat, CO
34
Votes |
295
Posts

Uncle Quit-Claimed House to Nephew, Who Wont Pay the Mortgage

Burt L.
  • Real Estate Investor
  • Steamboat, CO
Posted

I was contacted by the uncle, who made the obvious mistake of Quit-Claiming title instead of doing a Contract for Deed, etc. The Nephew has refused to pay the mortgage or to respond, and has said he will be there until "the bitter end".

The uncle has told me he received paperwork from the lender which authorizes them to sell the property and the uncle wants me to review that paperwork with him. As the nephew will refuse access to anyone, I don't know what practical benefit that could have, but I am sure they are also having him sign over some legal rights the uncle may still have. I encouraged him not to sign it initially, and especially since no action would be taken during the holidays anyway. I am not sure what the lender is trying to accomplish in having the uncle authorizing the lender selling the house. What is the lender doing with a such paperwork sent to the uncle? The nephew has been clear he will be there until eviction.

I am going to door knock the house and speak to the nephew and explain what is forthcoming and offer him cash for keys. The uncle says he is only 6'6' and has a pit-bull, but so it goes! I just don't know what the lender is trying to accomplish in getting authorization for the  uncle, who no longer holds title.

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