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120 acres or so Pittsburg County, OK
#8580738
04/18/22 09:13 PM
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Joined: Apr 2022
Posts: 13
Big_Red1776
OP
Light Foot
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OP
Light Foot
Joined: Apr 2022
Posts: 13 |
Hey all. Came into about 120 acres in Pittsburg OK. Problem is that it's a 1/3rd ownership into the land with folks who haven't been there in 30 years. The land title says that it's no sectioned - i.e. has the ownership of the whole. I'm pretty sure that the other owners passed, and their kids/grandkids don't even know about it. Has a pond, and wet creek all year round. Great deer population. Was thinking about selling it and getting something closer to DFW area. Not sure how to price it - so if you're interested just shoot me a number.
Not sure if anyone is interested in it, but PM me if you are.
Red
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8580867
04/19/22 01:06 AM
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Joined: Feb 2012
Posts: 10,904
DQ Kid
THF Celebrity
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THF Celebrity
Joined: Feb 2012
Posts: 10,904 |
If you're truly only a 1/3 shareholder, are you looking to move your 1/3 only or the whole 120; have the heirs of the other 2/3 agreed to selling their interests too?
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Re: 120 acres or so Pittsburg County, OK
[Re: DQ Kid]
#8581121
04/19/22 02:14 PM
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Joined: Apr 2022
Posts: 13
Big_Red1776
OP
Light Foot
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OP
Light Foot
Joined: Apr 2022
Posts: 13 |
Just my share.
Again, I’m not clear they know they own it. Could probably pick up their shares for cheap.
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8581181
04/19/22 03:56 PM
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Joined: Oct 2013
Posts: 6,196
Ol Thumper
THF Trophy Hunter
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THF Trophy Hunter
Joined: Oct 2013
Posts: 6,196 |
That sounds like the makings of a messy nightmare to me but I hope you get what your looking for.
I bet If the relatives of the supposedly deceased share holders find out they own land it will get messy very quickly. Who’s been paying all of the tax’s on it all these years? Is their a tax lien on it?
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Re: 120 acres or so Pittsburg County, OK
[Re: Ol Thumper]
#8581216
04/19/22 04:52 PM
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Joined: Apr 2022
Posts: 13
Big_Red1776
OP
Light Foot
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OP
Light Foot
Joined: Apr 2022
Posts: 13 |
I asked the county that. They said some trust pays it as a set aside expense. My 1/3rd is only 20 bucks a year, so I imagine a few hundred in a trust would fund it for 30+ years.
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8581238
04/19/22 05:20 PM
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Joined: Nov 2014
Posts: 7,816
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,816 |
Before I shoot you a number? Do you know the names and addresses of the other owners?
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: 120 acres or so Pittsburg County, OK
[Re: Mr. T.]
#8581274
04/19/22 06:16 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8581361
04/19/22 08:35 PM
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Joined: Nov 2014
Posts: 7,816
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,816 |
I think he can in Oklahoma. Sell his 1/3 interest, but who would buy land and not have the controlling interest in it. Who would buy the land without a title company guaranteeing it. Plus, he is going to have to prove that he owns 1/3 of the land.
My advice to him is to go to the court house and find out who the other owners are and if they have passed away, who the legal heirs are and make them an offer. He may be dealing with children or grandchild of the original owners. But without owning 100% of the property, I don't see him selling his share at market price if at all.
Last edited by Mr. T.; 04/19/22 08:40 PM.
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8581695
04/20/22 10:52 AM
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Joined: Aug 2009
Posts: 23,097
BigPig
THF Celebrity
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THF Celebrity
Joined: Aug 2009
Posts: 23,097 |
Do you not have to give the other owners right of first refusal? What’s stated on the title that you have as to how ownership is held?
Wade Dews, REALTOR ® Rendon Realty, LLC Frontline Real Estate Team www.RendonRealty.comWadeDews@gmail.com 214-356-2410 Up to 1% for closing costs for First Responders & Veterans Proudly partnered with Assist The Officer Foundation https://atodallas.org/
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Re: 120 acres or so Pittsburg County, OK
[Re: fadetoblack64]
#8581797
04/20/22 12:56 PM
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Joined: Aug 2016
Posts: 8,442
Herbie Hancock
THF Trophy Hunter
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THF Trophy Hunter
Joined: Aug 2016
Posts: 8,442 |
He can sell his interest. If a trust is paying for it, the other 2/3 might be in a trust. Would be able to find out pretty easily looking it up at the tax assessors office.
It takes beer to make thirst worthwhile - J. Fred Schmidt
The internet is an I.Q. Test, people post their scores in the comment section.
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8593692
05/08/22 02:01 PM
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Joined: Sep 2006
Posts: 151
armadillophil
Woodsman
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Woodsman
Joined: Sep 2006
Posts: 151 |
I am a land agent in Oklahoma. He can certainly sell his 1/3 undivided interest. I just handle a transaction very similar to this last week.
Farm, Ranch and Recreational Land Sales in Texas and Oklahoma.
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8595771
05/11/22 09:21 PM
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Joined: Feb 2011
Posts: 6,191
Mike Honcho
THF Trophy Hunter
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THF Trophy Hunter
Joined: Feb 2011
Posts: 6,191 |
Ive been looking for some land In That and surrounding counties for a year now. I interested but I’m going to need a lot more information.
“Two things that define an individual what you do when you have everything, and what you do when you have nothing."
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Re: 120 acres or so Pittsburg County, OK
[Re: Big_Red1776]
#8599606
05/17/22 08:30 PM
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Joined: May 2010
Posts: 2,956
RLoving1
Veteran Tracker
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Veteran Tracker
Joined: May 2010
Posts: 2,956 |
I keep getting letter making offers to buy 20 acres I HAD in Oklahoma. Deed was transferred back in January. The land grabbers aren't very smart!
Brayden (Lazy L's Southern Comfort) you will be missed! You were more than a pet you were my reason to rise and return for many days! You were my rock! 12/26/03-10/25/13
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Re: 120 acres or so Pittsburg County, OK
[Re: RLoving1]
#8599652
05/17/22 09:53 PM
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Joined: Oct 2012
Posts: 26,229
Creekrunner
THF Celebrity
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THF Celebrity
Joined: Oct 2012
Posts: 26,229 |
I keep getting letter making offers to buy 20 acres I HAD in Oklahoma. Deed was transferred back in January. The land grabbers aren't very smart! Hell, I get calls all the time on my mom's house we sold over 5 years ago. Idiots scrounging Probate court records.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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