vacated closing

[Stan Plebanek]

Last week I closed on an estate sale. Started my rehab and today I got a call from the title company. The seller had not signed their closing statement and would not because they thought they were getting proceeds from the sale and didn't. It all went to the debts of the estate. Rehab to rental condition was 75% complete. Title wanted me to turn over the keys and a line item of the cost I have put in.

Anyone live through something similar and have any recommendations? I have no idea what to expect.

[Don Konipol]

I guess the question is why you thought you had closed the purchase if the seller hadn't signed the documents? Bringing the money to the table is only half the equation, the seller still must execute a warranty deed.