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Deal falling apart cause of title issue. Advice needed.

I found an off market property I have under contract and looking to close on. As I did the title search via the title company, I found out there’s 4 owners on the deed. Which I wasn’t privy of up until then. However, 3 of the owners are fine with signing. But there’s 1 other who the family haven’t seen and believe to may have passed years ago . They don’t have a death certificate but hired an investigator to find him and was not successful.

Title company will not proceed with closing until all owners sign the AOS or go through probate. I want to avoid probate cause I don’t know how long that’ll take and I would like to close asap, as well as the family (due to it being distressed).

Is there any suggestions on how to work around this such as holding that 1 owner portion of the profit in escrow, having the family sign an affidavit of heirs on his behalf? Idk this is my first time purchasing a property so all of this is new to me. Any advice?

I’m trying to close before the year is out. Has anyone came across an issue like this?

submitted by /u/Due_Break8442
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1h0a1hd/deal_falling_apart_cause_of_title_issue_advice/
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