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jackieg53
Feb 15, 2009, 01:51 PM
When we sold our home the title company held money back and placed it into an account as when we originally purchased that home we borrowed money from the seller.

We made payments through a the real estate agency that represented the seller. After a period the payments started coming back apparently the seller moved and left no contact information and we were unable to locate him any other way

When we closed we were unable the real estate company had purged their files as 7 years had past, which resulted in our being unable to prove the amount we had paid which resulted in the amount held being considerably more than owed.

The money has been in the account for about 5 years, we were told that the only way to obtain that money is to do a quite title search. Is this true? How do we go about it?

Fr_Chuck
Feb 15, 2009, 02:39 PM
Yes a quiet title filing in court, You want to hire a real estate attorney, but the only issue I see is that you actually still owe money to them, so I do't see them clearing that lien.

Have you searched for the peple you owe the money to

jackieg53
Feb 15, 2009, 04:23 PM
Thanks for the quick response. Yes we did search for them. Last address we had was another state. We tried online as well as follow up with the realtor. No luck. We were told that all we had to do was to run ads in the paper to locate them. As I stated we don't owe nearly as much as was held back but as the files had been purged and we didn't always pay by check we can't that either. The money is under my husband's SSN and we are paying taxes on it.

Fr_Chuck
Feb 15, 2009, 06:56 PM
It may work,

If you want, if you give us the peoples name, and the last known city and state, you may be surprised how good some of our people are at finding someone.