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Updated almost 12 years ago on . Most recent reply

User Stats

64
Posts
13
Votes
Dan G.
  • Real estate investor
  • Porter County, IN
13
Votes |
64
Posts

Need advice on selling a property before I get the title work back

Dan G.
  • Real estate investor
  • Porter County, IN
Posted

Hello and thanks in advance!

So this is the way I usually do a transaction. I purchase a property at the sheriff sale on day 1. Day 14 the sheriff calls me to come pick up my Sheriffs Deed. I then go the same day to my title company and get the title work started and typically on day 30 I get a call from the title company telling me that my title work is done and I can now sell the property and provide warranty deed.

This is the situation I am in. I purchased a property (day 1) and have a buyer lined up at day 7. So even if I had the buyer wait till I got the Sheriff Deed in my name in my hand, is it possible to sell the property without waiting/ doing the title work? Its a very very cheap fixer-upper, and was wondering if its possible maybe via quitclaim deed or etc? Also since its such a cheap property I would like to avoid paying an attorney and would also need to know where to locate a good purchase agreement for Indiana. I found one on in.gov but it has the year 2006 written in it.

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