HELP, HELP, HELP!!!!!!!!
ok, i've read everything i could on the subject, but tomorrow i'm going to GET THE DEED!!!....i'm in Texas, can anyone out there tell me if the forms i'm about to list will be suitable to close this sub-to deal....they are: GRANT BARGAIN & SALE DEED, QUIT CLAIM DEED, SELER INFO SHEET, CHANGE OF ADDRESS, AUTHORIZATION TO RELEASE INFORMATION & LIMITED POWER OF ATTORNEY TO CONVEY REAL ESTATE.......will these forms suffice?....and since this is a sub-to, will i need a standard real estate contract as well??????.....can i have the sellers sign the forms and have an attorney look them over on Monday????.....any suggestions will be welcomed, but please only advice from the REAL PROS......happy investing
[addsig]
You are so far into this deal you might want to consider using an attorney just this once. you have the keys to the sbmarine to unlock the door but "oh my god where are the windshield wipers i cant see" and this this is the advice of areal pro.........a SMART one. [ Edited by WheelerDealer on Date 12/02/2003 ]
Hows courses did you take or read? What about the insurance? Why are you using a grant and quit claim? Things you might want to think about.
Best to you
Sire
rbw4,
Sorry, but if you aren't even sure about what paperwork needs to be completed, you aren't ready to get any deeds.
Buying the house sub2 means you are taking on a commitment to both your seller and your buyer if you are keeping the property.
You need education. A good course would be a good place to start. There are many available so find one you like and pick it up. Know your business inside and out and then you will be ready to get the deed.
Sub2 is simple but there are specific things that need to be done to protect everyone involved.
William Tingle
WilliamGA