Need Advise
Found a property that has a judgement against it but is not yet in forclosure. (The property was used as security for a family business loan/ husband and wife divorced and wife was degreed the person real property). Have spoken to the owner and they appear willing to turn over the deed if I satisfy the judgement. Need advise on how to proceed from here.
If you're serious about this, I'd recommend getting a title co. to check and guarantee title is OK, except for the outstanding J.
That should be done only after you've got a signed P&S agreement from seller.
Then, carefully approach the J holder and see if you can't buy that J for cents on the $.
Thanks for the reply. Will the judgement debtor (legally) talk to me at this time or do I need some type of a release from the owner?
Have the owners sign a release, then see if you need it.
Thanks - What type of release and where can I find one.