Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

449
Posts
94
Votes
Mike Nelson
  • Wholesaler
  • Washington, D.C
94
Votes |
449
Posts

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

Mike Nelson
  • Wholesaler
  • Washington, D.C
Posted

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?

Most Popular Reply

User Stats

403
Posts
109
Votes
Andrew Massaro
  • Flipper/Rehabber
  • Tampa, FL
109
Votes |
403
Posts
Andrew Massaro
  • Flipper/Rehabber
  • Tampa, FL
Replied

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...

Loading replies...