All Forum Posts by: Brian Huber

Hi, I've been in contact with a couple of sellers who are willing to do seller financing or a lease option.

While they seem fairly flexible to the terms of the seller financing, when I get to the point of negotiating the actual price, they aren't willing to budge.

Am I going about this in the wrong sequence?  Should I establish the price first and THEN the terms of financing?

I kinda figure that their mindset is, "Hey, I'm doing the buy a favor by carrying the note for a year or two. Why should I compromise on the price?"

Does anyone have any insight on this type of situation and ways to negotiate this more effectively? Thanks!

oh great, thanks @Mike Watkins 

Hi, can anyone recommend an investor-friendly title company in Georgia or the Atlanta metro area?

Thanks!

Gotcha, here something I found:

"The right of survivorship is an attribute of several types of joint ownership of property, most notably joint tenancy and tenancy in common. When jointly owned property includes a right of survivorship, the surviving owner automatically absorbs a dying owner's share of the property. Thus if A and B jointly own a house with a right of survivorship, and B dies, A becomes the sole owner of the house, despite any contrary intent in B's will."

So perhaps a spouse passed away and the surviving spouse gains complete ownership of the property...

@Wayne Brooks 

I don't want to address to someone who may be deceased. I think that would create a poor first impression.

Hello, no they're not probate leads.  They're leads from driving for dollars. When I asked the county employee, she said, "Surv means the property is owned with rights of survivorship."  A pretty vague response, so I'm not sure how to address these folks...

Hi, I'm coming across properties in county records with this listed as the owner: "John and Judy Smith Surv."

What would be the correct way to address these yellow letters?  Should I say "Dear Estate Manager", or keep it generic with a "Sir/Madam"?

Any input would be greatly appreciated.

Thanks!

Yup, an accent. However, if the story was true, I'd be the schmuck for questioning it. I figured if it everything went through fine with a title search and escrow, that it'd be fine.

It didn't even get to that point, so chalk it up to a scam.

@Kyle H. 

No, I didn't have an attorney involved. Once I got the purchase agreement and seller financing addendum signed, I'd send those documents and the deposit on to the Title Company.  If there was any fishy-ness, I figured it would come up in the title search.  I also had contingencies for a clean and clear title and approval home inspection. Between that and using escrow, I believe I'm covered.

@Brian Gibbons 

thanks for the wealth of information.  This was a contact long-distance through Zillow so my options for seeing the house was limited but I definitely get what you're saying. However, this got very scammy very quickly today.  Yesterday, he was overly-agreeable to everything and today once he found out no direct deposit, that was that.

In hindsight, it may have been some kind of bogus rental listing. Sad.