Re: Bond for Deed contract - Landlord Forum thread 337752

Re: Bond for Deed contract by Anon E. Mouse on July 30, 2015 @17:09

Well, yeah, the co-owner is a little bit of a problem. Check your paperwork. Did you ever get a preliminary title search done? Put simply, how in the hell did you not know what you were purchasing? Do you have title insurance?

At best, you bought a 50% interest in the house (all that the lady sold you), at what was likely over the going rate for the whole thing. If you want to sell it, you'll need to contact the co-owner or file a quiet title action, unless you make it very clear you are only selling your interest in the property.

Get a lawyer.

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