Myrtle Beach Real Estate

Buyer Beware: Always Record Your Interest in Real Estate!

Whether you have a long term lease, an option to buy, a contract of sale, a land sales agreement, or just a mechanics' lien on the property, please make sure it's properly recorded!

I've just heard a horror story today: a family signed a contract of sale with a seller, the seller took their $ 20,000 down payment along with the monthly payments for the past several months, but did not transfer title and the buyers did not record their interest in the property. The seller did not make the mortgage payments on the home; the bank foreclosed and took back the property.

The unsuspecting Buyers just got notice to evict the premises and they came to us looking for a rental. Now I'm trying to get the bank to sell them back the property they thought they already owned. Horror story, but true; I've already examined all the paperwork and ran it all by my attorneys. There is nothing the Buyers can do, but chase after the Seller with a lawsuit (Good luck!).

Record it, or risk losing it!