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  1. #1
    Join Date
    May 2020
    Posts
    2

    Default Small Property Ownership

    My question involves real estate in the State of: California.

    I sold my condo unit last year to a buyer. Also on the grant deed was a 12ft x12ft storage unit in the basement of the building. The buyer did not want to purchase storage so the retaltor hired a specific title company to take the storage out of escrow papers which got his final price reduced by $20,000.

    Here is where it gets twisted. Before moving, I went and sold the storage to another condo owner within the building. It was done as a personal transaction and she was going to notify the HOA of the transaction after she paid me in full. A month ago, the buyer found out that the storage was still on the grant deed. He went down to the storage with, and went through all the stuff in it. Then he changed the lock and sent me an email that the grant deed makes all other transaction moot and he is now the rightful owner of the storage. He also said that neither I nor the person who bought the storage from me, may enter.
    I have contacted the HOA about this and the HOA has declined to take sides and asked that we solve this individually. This buyer is threatening to sue for the ownership of the storage. He is the one who knocked down $20,000 because he did not want the storage. How do I go proceed to either 1) make him pay for the storage or 2) give up the storage. Any advice would be welcome. Thank you so much.

  2. #2
    Join Date
    Mar 2013
    Posts
    17,914

    Default Re: Small Property Ownership

    What does your contract with the condo buyer say about the storage unit?

    That's where you are going to get your answer.

    Was there an amendment to the contract, signed by both of you, saying that the $20,000 reduction in price meant that you keep the storage unit?

    Answer those questions first. Yes, there are two questions there and both need answering.

  3. #3
    Join Date
    May 2020
    Posts
    2

    Default Re: Small Property Ownership

    Quote Quoting adjusterjack
    View Post
    What does your contract with the condo buyer say about the storage unit?

    That's where you are going to get your answer.

    Was there an amendment to the contract, signed by both of you, saying that the $20,000 reduction in price meant that you keep the storage unit?

    Answer those questions first. Yes, there are two questions there and both need answering.
    The contract says he is not purchasing the storage unit. The price knock down was just taken off the original listed price.

  4. #4
    Join Date
    Mar 2013
    Posts
    17,914

    Default Re: Small Property Ownership

    Quote Quoting Vic190
    View Post
    The contract says he is not purchasing the storage unit. The price knock down was just taken off the original listed price.
    You'll probably have to sue him to regain possession of the storage unit.

    The contract may be all you need to prove that the intent was for him not to buy it and the grant deed was a mistake.

    Although how you managed to miss that little detail on the grant deed is beyond me. Well, no it's not, you just didn't pay attention to the paperwork and got yourself into a big mess and now you're going to have to hire a lawyer, as suggested on the other sites that you posted.

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