Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 11 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Will B.
  • Jacksonville, FL
6
Votes |
12
Posts

Is this a GREAT deal or HUGE headache??

Will B.
  • Jacksonville, FL
Posted

In a tough situation and hope someone has some insight on this..Met with a highly motivated seller in a completely trashed house, regardless, it has great potential for a rehab and will make a BIG profit once we agree to a price.
HERES the issue. The guys mother-in-law Quit Claim Deeded the property to him because she was in some type of financial trouble and didnt want to lose the house (free and clear). He is trying to sell it, without her knowledge, but remember HE legally owes the house, she is STILL living in the home... Now with her in the house not paying anything but also NOT being the legal owner what can I do? I KNOW that she wont take cash for keys, She sat there and told me she put 300K in the house while blazing up a cigarette in the filthiest kitchen Ive ever seen with broken tile and paint chipping everywhere, Actually quite an ironic moment. Anyone have an idea of how we can get through this with out a HUGE hassle? Or is this just a deal I should move on from? Not looking for a lesson in morals here, The woman has had several instances with the law involving drugs and other things so not exactly an upstanding citizen. Just getting that out of the way. Thanks in advance for any insight here!

Most Popular Reply

User Stats

19
Posts
2
Votes
Annette H.
  • New Jersey
2
Votes |
19
Posts
Annette H.
  • New Jersey
Replied

This is not your problem. Don't make this your problem. It's the seller's problem. You can make the closing on the sale contingent on the vacancy. Insist on a final walk through before closing and have the locks changed the same day! Let him deal with his own mother-in-law or you don't close. I think that will be plenty motivation for him. In the meantime, I agree with Wayne, find a real estate attorney and have them perform a title search. It's worth the money, especially in this case!

Loading replies...