Saturday, November 13, 2010

How do I legally regain the title to my home if the buyer who was purchasing it as a CFDeed has defaulted?

The buyer was several months behind on payments and I let him know that he could move out if he couldn't make them. He has vacated the house and I now have no way of contacting him. I will have to make several repairs, but just want the contract broken and to regain a clear title so that I can either rent it out or sell it again. Is it even possible to do this without an attorney? If some help is needed, would a title company charge less? Cost is a concern as the repairs are extensive and I have had to keep making the payments to my bank (who are the leinholders). Thank you.How do I legally regain the title to my home if the buyer who was purchasing it as a CFDeed has defaulted?
Unclear question.

You allowed someone to move into your home and gave him/her the title without them buying the house?



Even if you did owner fiancing you should have kept titile of the home.

Who has the title?

/How do I legally regain the title to my home if the buyer who was purchasing it as a CFDeed has defaulted?
If you sold via a contract for deed, then the title is still in your name. From a legal standpoint it should be handled just like a mortgage foreclosure. From a practical standpoint just send a certiffied letter to the last known address advising them they have defaulted and you are declaring the purchase agreement null and void. Now, if the contract was recorded then you will need an attorney as there is a cloud on the title.



realtor.sailor

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