I called Carlos.
Basically he doesn’t know how long it will take for the department of natural resources to do their part. (all the rest is hear-say)
Carlos hasn’t told Alwilda yet. Then he went off on “he doesn’t know how long she can wait”.
BK: well she doesn’t really have a choice does she?
Carlos: They may need to sell it to someone who has the cash upfront.
BK: Why would someone buy a property that isn’t titled correctly?
Carlos: It would be the same kind of deal that it was when she bought it.
BK: What kind of deal is that?
Carlos: A cash deal
BK: Well I don’t know many people that have that much cash, is there someone else waiting to buy an un-titled/not properly titled property?
Carlos: You would be surprised, that is how we do things in the rural parts
Which comes back to, if a bank can’t buy it because it is missing something or there is a problem with the title I don’t see how anyone would want to buy it (unless of course they didn’t know). Makes me wonder if Alwilda even ‘owns’ it!?!
I suggested that we could talk to Alwilda and maybe work something out until the bank financing goes thru and he said that is something that “she would have to decide”.
It’s tough working on something like this that you have no idea how to influence from 2000 miles away.
Where did you get your blog layout from? I’d like to get one like it for my blog.
Im confused… when you write an offer on a piece of property doesn’t both the seller and the buyer have certain contractual obligations to uphold? It seems to me that if you did have this contract in place Awilda would need to ensure proper titles. Im like you, I wonder if she owns the property at all!!! Something doesn’t seem right in that conversation to me… but hey what do I know?!?!?!?!
Hey guys:
Sorry to hear about the difficulties with the property. We’re no lawyers but from our experience here and what we’ve learned in the process, having a clear title (especially for those of us who live in rural areas) is very important. Land ownership can be contested and you don’t want any “shades of gray” when it comes to property purchasing. Insisting on having a title is common practice (not just amongst us newcomers). I wouldn’t get pressured into putting any money down without the title being crystal clear.
Miri
Torrie and Miri, Yah, this whole thing is frustrating. First they were rushing us to close by May and now we are waiting on them….and we can’t really do anything to make it go faster. I wish the owner would have made sure all the paperwork was done before putting it on the market, but she didn’t know any better. And Carlos should have helped her to get to that point, like a real estate agent would have.
We want to make sure that the property is truly OURS when this is all said and done. We put down a deposit/earnest money already so really, they couldn’t sell it to anyone else anyway unless we got that back. Since the rules are different out there, I don’t want to take any chances either. We did talk to Awilda and it is like night and day talking to her versus Carlos. She is completely willing to wait, no pressure and understands that at this point it is out of our hands; I think Carlos just wants to be done with this.