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Wholesaling

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Bil Casimir
  • Investor
  • Houston, TX
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Contract for House to wholesale

Bil Casimir
  • Investor
  • Houston, TX
Posted Jul 1 2015, 15:59

I have a lady who called me today and wanted to sell her house that her father passed on to her. I asked if she was the heir to the property and she said no because her dad did not leave a will. The lady told me she is the only surviving daughter and that the city has notified her as next of kin. The property has been sitting for 5 years and taxes have not been paid. Should I open title to see if there will be an issue to assign this property? Any ideas? Potential problems?

Thanks,

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Travis Lloyd
  • Property Manager
  • Bridgeport, CT
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312
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Travis Lloyd
  • Property Manager
  • Bridgeport, CT
Replied Jul 1 2015, 16:17

Agree on a price and get her to sign a contract. Once you start poking around its amazing how fast word will spread. Include a title search in the contract. Explain to her that title searches are standard, and necessary given her situation. She will be fine