1st off market deal...how do I do this with out an agent?
A friend of my brother has a property he wants to sell. It is distressed and the price reflects its condition ($155k with comps in $200k range). Here's the tricky part...he doesn't technically own it. According to him, his father in law is selling the house to him but it's stuck in limbo because he doesn't have great credit and can't get the financing. He mentioned the paperwork is at a certain title company and that if I were interested we'd just go to the title company and switch it to my name. This is all highly unusual to say the least. I have never worked directly with a seller before so I'm not sure how this process works and what I need to have in place to protect my interests. Help!