Jumping All In

[Andrew Terry]

So here’s my first purchase experience so far. 
On the house.

PP: 40K

Rehab Estimated:40k

ARV: 135k

FMR:1200

Wrote up a contract and got it signed with 30 day closing. Started working with lender and title company getting everything ready for closing. 2 weeks after signing the seller passes away. This has left me to work with the sellers only daughter who is just a real peach! 

I’m confident I’ll prevail without any major added expenses but just a fun way to jump right into real estate 

[Andrew Terry]

@Sean Winchell, oh no the daughter is trying to raise the price! I’ve had to get some legal opinions on it so I’m not wasting money but the general consensus is the same. State law says the contract is binging it’s just a matter of getting the executor of the estate (the daughter) to sign the documents at closing. Once probate has been opened up I’ll have to petition the courts to get a court order to fulfill the original contract. 

I’m not sure how common these situations are but I figured if I’m having to go through it and learn the process of this situation maybe I can share it and potentially help others