Profile picture for user4008809

How long does a buyer have to transfer deed into their name?

I sold a piece of property on April 1st 2013 as a private sale and wrote them a transfer deed, and even had to correct it once just a few days after, when the buyer went to the courthouse to complete the transfer. Now, 6 months later, I was just contacted by the code today about a violation, so I looked it up on the county property tax appraisers site, and the property is still in my name. What do I do. The buyer was saying they were thinking about moving back to their home town in Puerto Rico and their phone is no longer in service. Do i reclaim the property? resell it? or is there a way to put it into their name without them. I have original sale documents with their info. Please Help. Thank You
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 25 2013 - Lake City
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (5)

The tax records may not have been updated. I might ask a title company, or take a visit to the county courthouse in person.

An attorney could tell you if there's a statutory length of time that a buyer has to record a deed; I don't think there is. The buyer runs a risk that you will sell the property before they record the deed, and that will create a significant problem.

If the deed has not been recorded, I would still consider it sold, take my money, and leave the premises.

All the best,

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 26 2013
Sally, they didn't need a Realtor for a private sale, they needed a title company/lawyer to handle the closing. That's like me saying they should have hired a loan officer for a cash transaction.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 26 2013
Did anyone record the transfer deed with the county???  Hindsight is 20/20. Should have hired a Realtor to begin with and you wouldn't be in this mess!  Time to hire a lawyer.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 26 2013
Lawyer time for you, which is what you probably should have done in the first place and certainly what the buyer should have done.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 26 2013
Depends on local and municipal regulations. 

For the sake of avoiding nonsense, if you're a logical person, the correct answer to your question is one day - and that would be the day of closing and recording of the contracts.

Let's move on.  I like to take the moral high ground, but in this case you seem to be in a bit of a bind.  If you have no way to contact the buyers, and they never recorded the property as theirs, you own it free and clear.  Consider it kind of like winning the lottery.

Now, I'd make a concentrated effort to get in touch with them before reclaiming the property as your own for the purposes of reselling it, etc.  But once you've done that, there's only so much you can do, and you can assume ownership of this property once more with a clear conscience.

As yes, the question of putting it in their name.  You can always quitclaim it to them (a type of deed).  I highly recommend against doing this, as the property might sit there forever under ownership of people who will never know about it. 

Do the right thing, like I said.  Make the effort, and once you've exhausted all reasonable methods, you still legally own that property and may do with it what you wish.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 26 2013
 
Related Questions
How can I change realtors if they're not working fast on a short sale.
Profile picture for Jamie McDowell
Latest answer by Jamie McDowell
February 07 | 4 answers
How long does a buyer have to transfer deed into their name?
Profile picture for Mack McCoy
Latest answer by Mack McCoy
September 26 2013 | 5 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 982 SE Race Track Ln, Lake City, FL Home For Sale
    982 SE Race Track Ln, Lake City, FL 32025

     For Sale: $120,000

    • Beds: 3
    • Sqft: 1808
    • Baths: 3.0
    • Lot: 43560
  2. 11303 SW Tustenuggee Ave, Fort White, FL Home For Sale
    11303 SW Tustenuggee Ave, Fort White, FL 32038

     For Sale: N/A

    • Beds: 2
    • Sqft: 1152
    • Baths: 2.0
    • Lot: 211266
  3. Tbd Nw Everett Ter, [not Specified], FL Home For Sale
    Tbd Nw Everett Ter, [not Specified], FL 32096

     For Sale: $78,000

    • Beds: 0
    • Sqft: --
    • Baths: --
    • Lot: 572814