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Updated almost 8 years ago,
How secured is a seller in a JV with an investor?
I'm just trying to think from the seller's POV and am trying to eliminate all road blocks. Wouldn't it be a good idea to be prepared to at least put down enough to cover a potential foreclosure?
And beyond a substantial down payment and a mortgage/lien on the property, can a seller feel safe that they'll get paid their portion of the sales proceeds?
Suppose the seller is out of town or state and they a JV agreement, a piece of paper and the investor pays off the mortgage/DOT but they delay or appear not to intend to pay the seller their share of the profits from the JV agreement.
Can the JV agreement be put into the escrow instructions for the sale of the property and if so how can the seller be assured of this after they've let go of the property after selling to the investor? Have it in the agreement that the escrow used in the seller to investor be used also in the investor to end buyer sale?