What is the name of your state (only U.S. law)? Arizona
We received a call last year from a woman in Hawaii that states she was an investor on our property as well as several others in the area with a local builder before these properties were developed. The builder built homes and sold them, and at some point sold the business to a relative, who ran it into the ground, and never finished repaying the investor (she was getting monthly payments and then they stopped suddenly) nor had her sign off on any of the properties in which she had a legal stake. She calls us periodically to relay her progress, or lack of progress. I think we are the only ones that give her the time of day.
We are the second owners on our home. The first owners, who had purchased from the builder, received clear title, and we have received clear title both from our original purchase and on our refi 3 years later. The investor states that we should not have been able to do any of this without her being removed from the title by being repaid for her investment and her signing off on it. She is trying to contact the builder, the title companies, real estate companies, etc. to get this straightened out, and she is getting the cold shoulder.
My question is, if we were given clear title for both our purchase and refi (and from 2 different title companies), what action do we need to take, if any, to ensure that this investor does not attach herself to our property (assuming that she is able to provide the necessary paper trail to prove her claim)?
Thanks for your time and anticipated answer.
We received a call last year from a woman in Hawaii that states she was an investor on our property as well as several others in the area with a local builder before these properties were developed. The builder built homes and sold them, and at some point sold the business to a relative, who ran it into the ground, and never finished repaying the investor (she was getting monthly payments and then they stopped suddenly) nor had her sign off on any of the properties in which she had a legal stake. She calls us periodically to relay her progress, or lack of progress. I think we are the only ones that give her the time of day.
We are the second owners on our home. The first owners, who had purchased from the builder, received clear title, and we have received clear title both from our original purchase and on our refi 3 years later. The investor states that we should not have been able to do any of this without her being removed from the title by being repaid for her investment and her signing off on it. She is trying to contact the builder, the title companies, real estate companies, etc. to get this straightened out, and she is getting the cold shoulder.
My question is, if we were given clear title for both our purchase and refi (and from 2 different title companies), what action do we need to take, if any, to ensure that this investor does not attach herself to our property (assuming that she is able to provide the necessary paper trail to prove her claim)?
Thanks for your time and anticipated answer.