Updated over 10 years ago on .
Property available for purchase?
I've had a deal that landed on my lap through a co-worker at work.
Long story short a friend of his brother died and the brother (my co-workers friend) was the only living heir of the owner of this property so he received the property. At first I believe the state took ownership of the property but now once notified of the owner's death the brother got a lawyer and got the house. Now he is trying to sell the house to me which is a good deal but he states that the money will go into escrow for 4 months to see if any of creditors come after the house or it he owed anyone any money.
My question is can I take ownership of this property now? Does the money being held in escrow have anything to do with me? If the title search comes back clean is it ok to move forward? The seller has agreed to provide me with some owner finance terms and I will be fixing/flipping the property? I am about to contact a real estate lawyer on any questions that I should ask her that I didn't name? Thanks!!