The deal on the acre next to me may not be dead yet even though I had just about given up on it. Realtor called yesterday and said he had just gotten off a conference call with the executor of the estate and the ambulance chaser for the estate. He said the problems had been ironed out, the paper work for the required signatures has been written up. The ambulance chaser will mail a copy to all four siblings (some are out of state) for their signature which will require a notary stamp to validate the signatures. Then they must be mailed back to the ambulance chaser who will turn it all over to the title company and real estate company. I told him that if there is any chance that the title won't be completely totally free and clear I don't want it. I have no desire to get into the middle of a family squabble on down the road should any one of the siblings have a change of heart. Agent said that's the reason behind the notary.
I also found out doing some research with county records that the acre I am trying to buy was originally part of this property (was originally a 2 acre piece) when the house was built in 1977. The owner of this place sold that acre in about 1996 to the same family that I am now trying to buy it from. The purchaser died and it fell to his wife who died in 1999. A trust was set up at that time to handle her affairs but the real estate wasn't included in the trust, this acre and a couple of other pieces of property were left in the will to the four siblings. The trustee of the estate and one other brother and the sister have been trying to sell it ever since. The people that live across the street tried to buy it 10 years ago, also to prevent a house being built there, and they eventually gave it up. It was at that time listed with Century 21 realty who told them to just forget it because of the legal issues involved. Century 21 eventually took their sign down and it's been like that ever since until the trustee hired another local realty company and listed it once again almost three months ago. Anyone wonder why I am skeptical?
Ok that's all fine and dandy except I heard a very similar story over two months ago so even though the real estate agent sounded positive I am still skeptical.
My only reasons in wanting this property are one, I don't want a house built on it and two, if I sell this place the increase in value of it as a two acre piece rather than the house on one acre is greater than what I'll be paying for the second acre.
My only reasons in wanting this property are one, I don't want a house built on it and two, if I sell this place the increase in value of it as a two acre piece rather than the house on one acre is greater than what I'll be paying for the second acre.
I also found out doing some research with county records that the acre I am trying to buy was originally part of this property (was originally a 2 acre piece) when the house was built in 1977. The owner of this place sold that acre in about 1996 to the same family that I am now trying to buy it from. The purchaser died and it fell to his wife who died in 1999. A trust was set up at that time to handle her affairs but the real estate wasn't included in the trust, this acre and a couple of other pieces of property were left in the will to the four siblings. The trustee of the estate and one other brother and the sister have been trying to sell it ever since. The people that live across the street tried to buy it 10 years ago, also to prevent a house being built there, and they eventually gave it up. It was at that time listed with Century 21 realty who told them to just forget it because of the legal issues involved. Century 21 eventually took their sign down and it's been like that ever since until the trustee hired another local realty company and listed it once again almost three months ago. Anyone wonder why I am skeptical?