Updated almost 13 years ago on . Most recent reply
buying desert land
I am interested in buying a piece of property in Texas. It is owned by a gentleman and his wife in CA. I am going to pay cash for the land but he has a outstanding mortgage on it.
I do not want to get a real estate agent involved or ask anyone at the HOA on how to do this. I have heard stories of the HOA and real estate agents working together and contacting the seller and offering a little more to just double the price.
My question is do I just need a Warranty Deed and file it with the county? I would be paying off the mortgage for him and issuing a check for the balance to him. When I issue the check to the bank, does the deed go to me or to the people that had the mortgage?
This is the first time I am doing this so be gentle:)........