Ivan Kurt Auction & Realty complaints

Company states; Ms. Bearce is not quite telling the whole truth. Yes, I did sell their building on 11/24th, in Wyoming, IA. The building sold for $66,000. I have 10% down the day of the auction ($6600) that I have in my Trust Account until the Bearces's get all the Title Opinion Objection's cleared up. I have attached the Title Opinion form the Buyer's Attorney so you can see what is holding up this transaction. I cannot release any money from Trust Account until Title Objection #2 has been satisfied by the Bearce's and their Attorney. Attorney sent me an email last week on the 8th, of Feb. letting me know that he was starting on the Quiet Title Action. He said that it would take approx 30 to 45 days? That was a guess on his part. Bearce's Attorney tried to pass title by quit claim deed. However, the Buyer's Attorney would have nothing to do with that. I personally obtained the "Satisfaction of Deed of trust" (title opinion objection #1) from the Bank. Copy is enclosed. She is correct in stating that the Abstract has been brought up to date. In Iowa it has to be brought up to date no more than 30 days prior to closing. After it gets updated, it goes to the Buyer's Attorney for the title opinion (copy of the enclosed). We have no title insurance in the State of Iowa. We are the only ones in the Nation that does not have title insurance. The Bearce's bought this property 40 years ago without an Attorney, nor did they a Titel Opinion. The buyer is not going to pay me the outstanding balance of $59,400 until he gets title to the Rail Road Property, and his Attorney advises me that he is satisfied with the title that Bearce's are going to produce. There are 2 different Attorney's working on this, so hopefully, it will get resolved within the next 30 to 45 days. I have no control of how fast or how slow the Attorneys are going to get their job done. I tried to Mrs. Bearce that is out of my control. I would like to close as soon as possible to get this matter behind me. As you can see, their building extends at least 20 feet on to the Rail Road Property that they do not have title to. The Buyer has left town for New Zealand for 3 months. Before, he left, he did leave a check with a nephew. That, I think is why Mrs. Bearce is confuse. She thinks that I have the balance owed on her property. I do not have the balance due on her property. We cannot close until we get the issue with the Rail Road Property resolved. I do not know why she does not understand that. It is nothing I have done or failed to do. Auctioneer & Real Estate Broker

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