In 1980 a man and a woman purchased property. They were married when they bought it, but did not put that on the deed. The husband died. He had six children from a previous marriage and the wife had one daughter from a previous marriage, and the daughter had Power of Attorney for her mom. The wife sold the property to a family friend, a contract for deed, but it was unrecorded. The arrangement was in writing, but without witnesses or notary. Then the wife died. You cannot make up stories like this– they can only happen in real life real estate!
To recap, the man and woman took title without putting their marital status on deed. The man died. The woman sold the home. In 2004, the family friend that bought the home paid it off, but was it conveyed properly? The woman passed away. What about the six children from the man- do they need to be notified?
We’re talking about a mobile home in a more challenged area and the family didn’t have the money to pay the doc stamps on the deed. It costs money to put things in public records. They did the best they could but they didn’t have the resources.
There are a lot of issues going on here- a lot of muddy water. Yeah, everything can be fixed- it’s going to take an attorney and some money, but it can be fixed- but are you willing to buy that property without some kind of financial protection?
With that many issues, there’s a lot of looming risk. If you’re going to buy the property, you take on that risk. It might be a great deal, but only if you don’t have to hire a lawyers yourself. Seriously, this is why you get title insurance- to cover the legal defense of your property ownership and to give you financial protection and assurance should there be a valid claim. Again, that is a true story.