What I mean is there are a lot of wholesalers that is trying to sell someone else homes just to make quick buck. We run a title search in about one hour to determined the owner and if there are any liens or problems that would keep from making a deal. You can do it your way and lock up the deal and if something pop up you can walk away from the deal you do that a few times and the news will spread like wildfire that you walk on deals.
So, if there is an issue with the title to a house, and after attempting to get clear title, it becomes apparent that it would be impossible to get clear title and that no one can buy the house, so the deal is canceled because the seller cannot live up to his/her contractual obligation to provide clear title, OR if I cancel an uneforceable contract with someone fraudulently trying to sell a house they do not own (because you cannot sell a house that you don't own)[/b]
, if the other party is unable to fulfil their obligations or are being outright fraudulent, and I cancel, I
would get a reputation for walking away from deals?
Boy, this real estate investor crowd is tough!
interesting you say this because my last deal i feel the seller was fraudulently trying to sell her fathers house and she would not provide all the needed docs to the title co which she picked by the way
i wonder if i should take the effort to sue her as my investor still wants her dump of a house and would like me to sue but i never been in litigation before and feel as it would only bring more headache for a shot at 3k max