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Updated about 12 years ago on . Most recent reply

User Stats

25
Posts
2
Votes
Paul Springer
  • Valrico, FL
2
Votes |
25
Posts

3 names on deed... How do I approach this deal?

Paul Springer
  • Valrico, FL
Posted

Hello BP,

I have an appointment to see a property. The property is free and clear, however there are 3 names on the deed (a mother and her two daughters). Everyone is on the same page about selling, and the mother will ultimately be the decision maker... How to I structure this deal? Do I need additional paper work for the other parties to sign?

Thank you in advance for any advice.

Most Popular Reply

Account Closed
  • Investor
  • Central Valley, CA
3,729
Votes |
6,037
Posts
Account Closed
  • Investor
  • Central Valley, CA
Replied

All three parties sign the same purchase agreement. My purchase agreement says that it can be executed in counter parts. Which means if I send a copy to 3 different owners in three different places, they can each sign their copy and return it. It's complete when I've receive all the signatures.

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