If this is the case, could someone tell me the proper & legal way to do this?

I realize it's easy to say, "He should just get title insurance and he'll be protected," (which I agree with), but I'm also trying to get a better legally understanding of the situation as well.

The best, if the lender has not already done this, you have your legal council file for a release of stay.

Unless you are using some one who just has inflated prices, high probability they will talk to you about an adjustment.This happens on almost every auto accident claim for repair.I am no longer in the insurance biz, so this is not legal advice.

The owner took funds on lots that are not subdivided legally.

You may have to register/license your business, it depends on a lot factors such as location, legal business structure, etc.

Hi BP community,

My wife and I are private real estate investors here in Atlanta. We have a few deals that we might be closing on within the next few months but aren't exactly sure which exit strategy we are ...

First, make sure the property was converted to a triplex legally - i.e. all permits were pulled and there are three separate electric meters.Providing the property is fully occupied and the renters are all paying and current it should make it easier to wholesale the property to a landlord.

there are some disadvantages to this sometimes on your basis in the property for taxes.As to how you can legally sign leases etc now, get a limited power of attorney to handle all legal matters concerning that property.

If this is the case, could someone tell me the proper & legal way to do this?