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How does someone legally sell a home without one of the owner's permission? Alan hasn't been declared dead. He's just missing and he's only been missing a few months! This is so weird, imo.
They can't, that's the weird part. Some info I found in a other forum about it from a TX real estate people:
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There’s no way he legally sold this house.
Option 1) he sold it cash- if so, the buyer COULD opt to purchase this house cash and forgo a title search. However, ANYONE with the cash to buy million+ property would KNOW they needed a title search to ensure the property was free and clear to buy..
Option 2) he sold it legally using the POA and Alan is alive and he or someone else confirmed he was living.
The ONLY other option is that he went to a REALLY sketchy title co who also had to have a REALLY sketchy title insurer what is willing to insure this transaction (which isn’t likely, because they will be liable when **** hits the fan)..
So to explain. We (title co) examine the title of a property. We determine who owns it, etc then we propose to a company wiling to insure what we found. We research EVERYTHING!!
NO COMPANY would research this file and insure this knowing this man is MISSING unless they KNOW he isn’t!
Because, just say, if in 2 years this new buyer tried to sell and, for example, they find out Alan was dead when Rusty signed for him, then they have a claim against that company for the ENTIRE price of the house!
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He’s screwed until either Alan turns up alive OR his will is probated! Or, if there is no will, his estate is settled or affidavits of heirship are completed and filed..
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A POA is null and void upon death but also to use it, you have to be able to prove life.
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POA CANNOT BE USED of someone is dead. And we have to CONFIRM the principal is alive for the atty in fact to sign. So this make NO SENSE.
You cannot use a POA on a dead person but in order to use a POA you HAVE TO CONFIRM that said person is ALIVE!! If they’re not alive the POA cannot be used. If some title company didn’t confirm this, they’re liable in the future and I SERIOUSLY can’t see this happening. They would be liable for a MILLION dollar home. This is sketchy, which makes me believe he’s alive.
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The legality falls more on the actual seller and title company. We only know what’s been disclosed to us. The title company runs the title searches. As an agent, anything rated to title doesn’t fall on me. The only way an agent would be liable is if they had the intel that it was a fraudulent sale and proceeded with the transaction. Disclosure is the utmost important aspect of a real estate transaction for all parties involved.
Also, I have had many cash buyers in my career and we ALWAYS go through a title company to close. I have never, in my 11 years in the business, not closed with a title company. Not all title companies are created equally and some make mistakes, but, this would be a HUGE mistake and I can’t imagine a title company would willing to commit fraud.
I agree that it seems he could be alive. Maybe they figured out he was alive about the time the family went silent. They def went radio silent and they did so for a reason. Who knows. It’s all very odd.
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