Texas, I am attempting to purchase 3 acres in Texas for $130,000 and want to develop it. It will be worth roughly $550,000-$600,000 when I am done. The problem is the person who I am buying it from never got a re-plat done when he bought it 20 years ago. In order to build anything on this property it needs a permit. The city will not grant a permit unless it has been re-plated.
The original seller, we will call him Charles. Sold this 3 acres to a man named James 20 years ago. It is a law that land is cut out of an already platted subdivision and must be replated to be sold. This was never done. And Charles received $100,000 for the land but did not sign a re-plat.
James has asked him numerous times to sign and Charles refuses because he does not want any houses built around his. Charles is essentially holding the land hostage. He has control over it without owning it.
I want to get a judge to sign something saying we can go around Charles. Or I can litigate the matter, as it is worth it if I am able to develop the property. I offered some attorneys in my area 10% of gross proceeds (55-60k) from the developed land if they would represent me and we win.
Does anyone have any insight into this matter? The attorneys here seem to be lost and do not have any idea where to start
The original seller, we will call him Charles. Sold this 3 acres to a man named James 20 years ago. It is a law that land is cut out of an already platted subdivision and must be replated to be sold. This was never done. And Charles received $100,000 for the land but did not sign a re-plat.
James has asked him numerous times to sign and Charles refuses because he does not want any houses built around his. Charles is essentially holding the land hostage. He has control over it without owning it.
I want to get a judge to sign something saying we can go around Charles. Or I can litigate the matter, as it is worth it if I am able to develop the property. I offered some attorneys in my area 10% of gross proceeds (55-60k) from the developed land if they would represent me and we win.
Does anyone have any insight into this matter? The attorneys here seem to be lost and do not have any idea where to start
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