Seller Backing out...How do I cloud the title??

[Mike Nelson]

I've been dealing with this seller for about a month now and he doesn't like the closing attorney that we are working with. I'll agree that the attorny has been making the seller jump through hoops but I'm trying to get this deal done. To make a long story short, I still have a valid contract but my seller told me that he will now sell the property to another investor.

My question is, how do I prevent this from happening? I know that I can record the contract and cloud the title but how do I go about this in Washington D.C?

[Andrew Massaro]

Clouding the title is never a route I opted to take, Mike, even when a situation similar to yours appeared. I always looked at it as fighting someone you need to make the deal happen. And I always thought that to be bad for business, in the long run.

I preferred to allow the seller to do what he felt was best for him. And, if the deal fell apart, offering the opportunity to come back and get it done with me. Most of the time, the seller ended up coming back, and we got the deal done. Why? Because most wholesalers out there are clowns, who couldn't close a deal if their life depended on it.

The last thing you want to do is make the seller's life more stressful than it already is...