2nd party seller
I have a question. If the 2nd party seller is not responding & has been unresponsive for months how do I sell a property in risk of foreclosure? Any information would be greaty appreciated. New Jersey location of property.
Replies to This Discussion
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Permalink Reply by Lorraine Novelli on
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I have been trying to contact the other party on the deed & he ignores any & all correspondence. Is there no other way to proceed without foreclosure when a buyer is truly interested?
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Permalink Reply by Short Sale Superstars LLC on
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You'll need them to cooperate to complete the short sale. Are they on the loan or just on title?
310-564-6389
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not on loan. name is on deed along with mine. I have been trying for 2 years to reach this person & does not respond. Moves often & no forwarding address. Thank you for replying.
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You'll have to locate them one way or another. If you do locate them it may be wise to entertain them quit claiming their interest.
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Well, you probably don't have the time but you'd need to go to court. A Partition type suit (whatever they call it where you are) ask a local RE attorney, whereby a judge would grant a court order to sell the property. You'd have to show a diligent search for the other party, and their lack of response.
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thanx. I figured it would be involved but may be worth the effort.
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Unless you can get them to Quit Claim their interest to you, or get them to execute the final sale, that's your only option.
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Brian, I wasn't referring to a QT which is a different animal, and here isn't the appropriate action for removing a title holder, but is intended for errors, fraud, unreleased mortgages, tax deed properties etc. Here, a suit for partition basically causes a forced sale when two property owners can't/won't agree on a disposition. A local RE attorney of course will have the best recommendation.
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