Sons In Jail!!
I have a possble deal here. There is a real nice house that I have located that a father gave to his son. The son was just sentenced today for 5 years. The father more or less wants to give me the house. The only problem weve got is the son is obviously a loser and Im not sure if he will sign the house back to the dad. Any suggestions? 
I'd say that you should tread lightly on this one, because if the Son's on title and he refuses to sign a grant deed then your SOL. If there's any debt on the house and the father refuses to make any payments, you'd better wait for the auction.
Good luck.
Find out where the son is in jail at. Send him a letter offerring cash for the house.
You might have some luck here.
Best Riches,
Jeffrey Adamn
[addsig]
Father does not want the house and wants to work with you. Son is in jail and will not be able to pay for the house. It will go to foreclosure if it is not sold. You must present your case.
Brenda
JeffreyAdam's on the right track, money always talks. Depending on the father-son relationship, you might even let the son think he's the sole owner, get him to sign a quit claim deed to you, then get the warranty deed from the father afterwards. A lawyer could advise if that would work.
Anybody dealing with a con would be advised to have a middle man, either a RE agent or lawyer, present your offer.
So the con does not have your name or address. Grantee should also be LLC or trust so con can't tell your ID or address from same.
The last thing you want is your name & address circulating around the jail cells, as you'd become a big target for all kinds of scams.
John Merchant,
Gee wiz owning a Bail Bond Company, I really like the idea of having my name mentioned around the jail, talk about motivated people, these people are the best and at 15% of the bond in my pocket I have no problem talking with them or anyone mentioning my name.
In this case the father has more pull with the son than anyone, so I think the father should present the offer to his son. I have purchased properties when the husband was in jail and the wife needed out of the house, never was a big deal, just bring a Notary and have them sign or in this case the son.
John $Cash$ Locke
PS: Don't forget to use the inmates real name, do not use Prisoner 45298.
[ Edited by JohnLocke on Date 03/04/2004 ]
Strangely enough I have had many dealings with convicts over the last couple of years. Several have worked for me.
Depending on what they are in for I think they are just people and many times no worse than anyone else, they just got caught.
I think the father ought to present the idea to the son first and then I would present it myself or have an attorney. Personally I wouldn't worry too much either way.
What's the difference between a con in a jail and a con on the street?
The size of his conference room.
I like Jeff's idea. Go visit con. Bring him a nice lunch and be real nice to him and he might sell you the property cheep-cheep. Being nice go far. "Nice Lunch cheep-cheep" technique rules in my point of view.
Look at this: Your down payment is only a cost for lunch and you get the property. You also get to buy a nice lunch to his cousin when he gets in jail and this time they can trust you even more because you bought his cousin's home a year or two ago. Timing doesn't meter. The bigger the family the more houses you can buy with no money investment. Hay, you can't bit that but is still kind off secret technique so don't tell anyone yet!
What I am planing to check the following month are the state rules about opening offices in different highly populated jails. There on, we'll offer to go to lunches for the houses type of deal. We would also be very nice... What do you think, would it work? If it works well we'll go national and maybe international franchise that people can buy cheep but not for a nice lunch. Credit cards would be fine. Our offices are going to be built on the low budget, possibly in ISO containers. (They protect well against the ricochet). We already have a contractor.
wnclover, please keep us posted about your deal. We need an input. I wish you luck !