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    REDROCK 2000's Avatar
    REDROCK 2000 Posts: 1, Reputation: 1
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    #1

    Dec 3, 2012, 04:26 PM
    I signed a contract on a house than I found out they didn\
    I signed a contract on a house 4 month's ago and than 1 month after that I found out they didn't have the deed in there name. Is there any recourse I can take. Thanks garry
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Dec 3, 2012, 04:48 PM
    Is it possible that they have a contract to purchase the property and they planned on selling it to you once they took ownership? If so that is called "flipping" and is very common.

    Tell us a little more about the situation and we can give you a better answer.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Dec 4, 2012, 01:45 AM
    I have bought and sold 100's of houses, and never had many of them in my name.

    I would buy one on a contract for deed. Fix it up, and sell it to someone else on a contract for deed. ( or rent it)

    Then when I get paid, I pay, so my contract is completed @ when the other is, at closing, the house is signed over to the newer buyers.

    This is very common.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Dec 4, 2012, 04:11 AM
    ANY question on law needs to include your general locale as laws vary by area.

    As others have noted, this may not be a problem if they have the legal right to sell. If they don't, then you cancel the contract. What other recourse would you expect?
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