Q: I have a property owner financed under contract. It's in my name and I pay taxes. Guy disappeared. What do I do?
Guy was a state attorney and landed himself in trouble with the fed. Disappeared and no way to continue paying for this property. We did the contract through a local title company, so it's all legit. Property is in my name and I pay taxes on it. Is there a statute of limitations after a certain number of years will I still owe ? I want to pay for the property, but if he never comes back, I'm not sure what to do.
A: If there is a mortgage on the property, you will need to find the individual or file a lawsuit to remove the lien. You will need to review in detail with an attorney for more precise instructions.
Bruce Alexander Minnick agrees with this answer
A: I find it hard to believe that a title company would deed over a piece of property from the seller to the buyer without recording the note and the mortgage. However, that's just me and my proclivity to paying close attention to details.
I also find it hard to believe that you cannot locate the seller or anyone associated with the seller--even if it is only the warden and the federal prison he is living in.
Finally, common sense ought to warn you NOT to try to steal this property from a convicted federal felon.
Hire a smart lawyer to help to stay alive and enjoy your property; today.
Anthony M. Avery agrees with this answer
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