All Forum Posts by: Alex Gitman

@Jeremy Tillotson I dont know how to find their numbers and what does DNC mean?

Hello Friends,

I recently purchased a lot of land. Lot next to me is unoccupied, and I want to buy it if I can to make mine wider/bigger. I live in Houston and here we can look up who owns property where. So I did. I wanted to write a letter to the landowner and ask if they would consider selling. I am hoping that the address listed in the system is current and he would answer. Any suggestions on how to approach this and if you have done something similar?

Thank you, 

@Matt Devincenzo @Paul Ewing 

 Thank you guys!

How do you guys put @ with someones name on it in the post?

@Toyin Dawodu Thanks a lot for that info, I will email you right now.

Alex

Thank you Guy

What happened is:

The property was purchased by Mr. "X" in 2010 from original owner. 

Later in December 2014 Mr. "X" decided to sell the property and Mr. "Y" decided find a buyer (flip), Mr. "X" signs TREC Unimproved property contract with Mr. "Y". Mr. "Y" goes out and lists the property.

1. Thats when I come along, signing "Assignment of real estate purchase and sale agreement". 

Mr. "Y" tells me that he already had the property under contract with Mr. "Z" but later Mr. Z backout because he could not get title insurance.

Mr "Y" also tells me that he tried to un-cloud title by trying to find who else may have interest and after doing investigation he said that 1 person was dead and second one could not be found. 

Mr. 'Y" also tells me that Mr. "X" when purchased from original owner received a free and clear warranty deed. 

I am due to sign with the lawyer the transfer of the property to my name.

Rick - The person who assigned the contract to me tried to locate the heirs and told me that he even hired private investigator. What he found is that one of the persons was dead and the second one they could not locate. What would you do in this situation?

Hi Guy,

Thank you very much for all your feedback. 

1. I signed an "assignment of real estate purchase and sale agreement" 

2. I have not closed yet and do not have schedule B 

3. it does say non-refundable in the "assignment of real estate purchase and sale agreement"

They guy who is selling it to me acquired the property in 2010 from the actual owner of the property. 

Can you recommend anything I should do in this situation?

Thank you all again!

Thank you very much Guy, I did use TRAC form. I have to go home right now and see what it say about title insurance, I suppose its in section 6 of the form.

What does Warranty deed tell me about title and how clear it is?

Thank you

Thank you Guy,

I gave 2K non refundable deposit. What would you recommend, to still ask for title insurance during closing that seller would pay? I have title search paperwork in hand which shows the two heirs who they could not locate one of whom is dead. Or just walk away? Or try to do it on my own after I close (meaning try to get title insurance via title company)?