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Erica Sherwood
  • Austin, TX
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Dementia and real estate.

Erica Sherwood
  • Austin, TX
Posted
I recently got a contract on some property and today when I was at the property a family member of the seller drives up and starts to ask questions. She says her dad owns it and has dementia and anything he signs isn't valid. Strange but a little alarming. Any advice from you guys would be appreciated.

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Guy Gimenez
  • Investor
  • Corpus Christi, TX
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Guy Gimenez
  • Investor
  • Corpus Christi, TX
Replied

@Erica Sherwood

1.  Did you confirm this family member has information from a medical professional on the seller's alleged condition.  Just because someone, who may or may not have a vested interest in the outcome, says someone has dementia doesn't mean the party is qualified to make such a determination. 

2.  If the seller has an agent and the agent made no mention of the seller being incapable of contracting, I don't see how you have a duty to terminate the contract or delay the closing. 

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