What is the name of your state (only U.S. law)? WA
I understand, buyer/seller wants to protect their interests; anyways,
seller will take $5k down, 8% interest for 2.6 years; however,
seller has lost his title, and search shows his taxes in default....
What is the best way to proceed? Through a typical sell, you would
use real estate agent, but this is not typical, more like I am the borrower,
and he is the lender; So we need an atty to hash out the contract,
make sure it has a clean title, etc, or what? and if so, can the atty, or
whomever still get this done since his title has been lost?
If we do not get this done by the end of the month, then
he will lose a sale, and I will be forced to renew my lease....
What are your suggestions?
Thank-You
I understand, buyer/seller wants to protect their interests; anyways,
seller will take $5k down, 8% interest for 2.6 years; however,
seller has lost his title, and search shows his taxes in default....
What is the best way to proceed? Through a typical sell, you would
use real estate agent, but this is not typical, more like I am the borrower,
and he is the lender; So we need an atty to hash out the contract,
make sure it has a clean title, etc, or what? and if so, can the atty, or
whomever still get this done since his title has been lost?
If we do not get this done by the end of the month, then
he will lose a sale, and I will be forced to renew my lease....
What are your suggestions?
Thank-You