How A Subject To Deal Goes Sideways And I End Up In Court! [PART 5] #wholesaling #storytime

Name: How A Subject To Deal Goes Sideways And I End Up In Court! [PART 5] #wholesaling #storytime
Uploaded: 2024-06-25T23:00:14+00:00
Duration: 57 s
Channel: Nathan Payne
Description: In this storytime segment, Nathan Payne recounts the complications that arose after he purchased a property using a “subject‑to” arrangement. The closing…

25 Jun 2024 · 1 min

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In this storytime segment, Nathan Payne recounts the complications that arose after he purchased a property using a “subject‑to” arrangement. The closing documents did not clearly show his ownership, leaving him confused and unable to explain the situation. The occupant, backed by their own attorney, resisted eviction, and the seller appeared to be colluding with a third party to keep the occupant in place. Nathan hired eviction attorney James Dean, who warned that the occupant’s legal resistance would force a court battle. Nathan describes his fear and nervousness leading up to the court appearance, fearing he might lose the newly‑acquired house.

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I get the eviction attorney, James Dean, classy guy. He's just like, you know, ready to rock and roll. He's been dealing with this for a long time. I explained the situation that we bought it on terms, and it was kind of funky the way the paperwork is done because it didn't look like I owned it like on the paper, but I really did if you dived into the closing docs. But just, it wasn't like that easy to see, and I didn't know how to explain anything that was going on because I was new. I just had done what they told me at the title company I was using at the time. So James Dean's like, hey, they're fighting this bad boy. They're not moving. They actually got an attorney themselves. Like, they're trying to fight this. And the seller had gone in networked with someone that was like, I think the person that got him the loan was like trying to keep him in it. I don't know what's going on. This is nuts. And I'm so scared because I'm like, I just bought a house now. Like, maybe I'll lose it. I have no idea what can happen here. And it ended up that they fought it. And when you try to evict someone, they fight it. You got to go to court. So I went to court and I was super nervous. I don't know what was going to happen. I was shaking the night before.