When you don't think you need help
Here’s what happened.
Jordan Marshall and his wife wanted to buy a home for their growing family. During the search process, he discovered that one of his friends wanted to move.
Jordan decided to buy the home from his friend. And at first everything seemed perfect.
After he paid more than $115,000, he discovered that the did not own the land that the home sat on.
On top of that, the landowner was hostile and was preventing Jordan and his family from moving into the home. He blocked the driveway with vehicles and earthen barriers.
The cops were called and it got ugly.
Now Jordan is paying for a home that he cannot live in and he will have to resolve this in court.
He was a first time homebuyer and said he didn’t know what he needed.
You can see the story here: http://www.wsbtv.com/news/local/bartow-county/man-buys-new-home-land-owner-blocks-him-from-entering/502711085
I feel sorry for the kid.
You’ve heard me say this before. It’s not what you know, it’s what you didn’t know to ask that hurts you the most in real estate.
This is a classic example and would have easily been caught if Jordan had some representation along the way.
We’ve helped clients that were buying from friends and family. We made sure they were using the right documents, took the right steps and had help from a reputable Attorney.
The last thing you want is a dispute with someone you love, so it’s best to do it right the first time.
Call me at 615-519-0983 with your questions.
The Daily Deal in Nashville is a cape cod style home near the lake in Gallatin on one acre for less than $270,000.