I received a signed PA the other day. The signature had a small note under it saying that the owner was deceased and that the person responding is the daughter of the deceased. The daughter didn’t leave any contact info to reach her. I did due diligence on the property and realized that this is a VERY good deal. I signed the PA and also included a letter asking the daughter to contact me with my contact info on the letter and overnighted the letter on 6/3/21.
In the meantime I went ahead and sent the signed PA to an attorney and started escrow. The letter was delivered on 6/4/21 and I still haven’t heard anything from the daughter as of 6/8/21.
The attorney got back with me today and told me that the Mother conveyed the property to her Revocable Living Trust and left the daughter who signed the PA as the successor trustee.(So we are good there lol)
All of that to ask this, do you guys think I sent it to escrow to quick? Should I have waited until the daughter contacted me? Or would you guys have done the same thing I did?
I got with a realtor ,that was recommended, and he told me what he thought the property would sell for quickly. It would be a gross profit of $130k.
Let me know
Corey "Co Jack" Jackson
- You must be logged in to reply to this topic.