Easiest Way To Arrange Out Of State Purchase
I have 2 properties that are going on a tax deed sale in 2 months that the owners are willing to quit claim to me.
I live in Florida where the property is and they are out west. I am trying to figure out the best way to take care of the quit claim. I do not want to pay them before the paper is noitarized and sent to me and by the same token I am sure they do not want to sign and send without being paid.
I thought of arranging for them to go to a my bank's branch in their state and sign the forms and then get paid from the branch but no branch there.
Any suggestions on how I can do this deal?
Thanks
talk to a an escrow and title services company. you give them your instructions. they hold the money and the deed in escrow. when the deed gets executed the money is released. go online and find an escrow or title company near where they live
linny--(FL)--------------
The other suggestion wil work. I have a cheaper one.
I locate an attorney with an office near the owner. I arrange by phone to have the attorney help me out by acting as an informal escrow service.
I send a package to the attorney. It includes the following:
A deed from the current owners to me, already filled out.
A cashiers check for the current owners, sealed in an envelop with their names on it.
A check for the attorney for his/her services, agreed to earlier.
A receipt from the sellers to me, showing that they received their money. They sign it and give it back to the attorney. New idea: they can put it in an envelop so the attorney does not know the amount.
Optional: a recept from the attorney for the payment. If you paid with personal check your check is your receipt.
An SASE to me for the attorney to return my receipt and the deed.
A letter of instructions to the attorney. Have these people, telephone number, come to your office, sign the deed in front of a notary--either the attorney or somebody else in the office--give the payment envelop over, with the receipt. Get back the receipt, put it and the deed in the mail to me. Keep your check. Thank you.
I have done this a couple of times and the cost was minimal.
I usually call the local bar association and ask if there is a new attorney that can use some business. And hopefully won't charge too much.
Good Investing*********Ron Starr***********