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Real Estate Tip

March 18th, 2006 at 03:29 am

It's not your house until the deed is recorded. I don't care what kind of agreement you think you have, it isn't your house.

So, don't go fixing up the house - even if you have the keys and they were sent to you.

Especially if you don't even have a contract.

I STP this actually happened. One of our clients is getting appointed executor of an estate. A local flew up (our client is out of state) and made an offer on the residence. Neither of them tell the same story, but what it comes down to is that there was never a contract and no money exchanged hands.

The local got keys somewhere (that isn't clear) and has actually gone into the house and done work. He says over $3500 worth of work.

Our client tells us it looks awful. Half-assed, cheap materials, etc. So he's thinking he's going to have to spend money to undo all this guy did.

Oye. So anyway - it isn't your house until the deed is recorded.

1 Responses to “Real Estate Tip”

  1. fern Says:

    That's outrageous that the local got in there.

    I've heard this sort of story from the other end, where a couple bought a house from a woman, closed on the deal, deed in hand, only to find upon entering the house that the previous owner had not cleaned out her stuff...nada! They had to pack up her stuff themselves, and instead of putting it out ont he street,they hired a moving company to haul it to a storage unit. They had to go to small claims court to get compensated for their expense and trouble.

    I saw it on Judge Alex!

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