Have I been ripped off from wholesaler?
I just closed today on my first flip this morning and gave the closer a check for the full price of the property.
County records reflect that the owner is Mr Tom Smith. He is in another city and left the property as is.
I paid an LLC for the home. The LLC was not the wholesaler.
I feel a little uneasy right now. The HUD Settlement Statement reflects the same of the LLC as the seller and me as the buyer. No mention of the owner of record, Mr. Tom Smith. How do I prove that the LLC bought the property from Tom Smith and had the right to sell it to me?
The utility company wants proof before I can have the utilities turned on.
How can I prove that I am now the owner? Did I just hand over a large sum of cash and am out of luck?
I am feeling very uneasy right now.