All Forum Posts by: Shanequa J.

@Account Closed I don't like to accept payment especially money orders through the mail because things get lost. Most people can't afford to pay 2 rent payments in 1 month. I still require payment if it's lost in the mail. You can cancel a check, but with a money order you've already paid for it.

@Jay Hinrichs I totally agree. This guy has other marks on his licensed and has been suspended in the past. Hopefully, they take his license away, but that won't stop him from scamming people.

@Jay Hinrichs CA doesn't have a recovery fund to pay consumers that have been harmed by RE professionals? In TX, we have to pay insurance to fund it.

@Jay Hinrichs On the California Bureau of RE website, it says he is an active licensed CA broker. She has equity. I saw her mortgage balance and what she sold it for. I know Redfin and Trulia are not reliable, but I looked up the address and found a value. She reported him and they said they would have to go to mediation.

@Steve Vaughan She didn't intentionally make a bad decision. She ran into an investor that told her one thing and used lingo that meant something different. Most non-RE people would have been duped too. I wish she would have too. She is the sister of a seller I'm buying a house from.

@Jay Hinrichs She didn't even find out her credit was trashed until she tried to buy a car. I agreee that unlicensed wholesalers are dangerous, but so are licensed brokers. I looked his name up. The middle initial and city matches. I told her to report him to the board. 

Shouldn't the title company ask for all addendums to the contract? When the seller called back to discuss the mixed up, they told her "he told us he was going to assume the loan". @Chris Mason

@Chris Mason A lawyer hasn't looked at the contract, but contract said buyer would pay according to the terms of the mortgage. Isn't that a breach of contract since he didn't pay the mortgage in 2 months? 

I'm buying a house from an out if state seller. We talk often and have a good relationship. She calls me to tell me about how her sister got scammed.

Long story short, she thought she was selling her house and getting the loan out of her name. The investor kept the loan in her name and missed 2 months if payments. On the CAR contract, he checked other and wrote "buyer will buy house subject to seller's mortgage and pay off loan balance." Instead of checking the assumption box and giving her the required addendum, he took the sleazy way. The title company is nervous because they didn't ask for the addendum either.

Can she resell the house with his name on the title since he scammed her and didn't pay the mortgage each month? I don't know anything about Fresno, but I was thinking about wholesaling the house. 

I use yellowletters.com. Buy the list from yellowletters.com; it came out to be cheaper for me than List source. Also, get the platinum memer card to save an additional 15%.

I'm going and I have a question. Last meetup was informative.

Your market might be saturated with direct mail, but that doesn't mean you can't find a house. Just because there are a lot of investors out there is nothing. I've learned 2 things: 1) Not everyone is marketing to the same people. Your criteria could be different. You might be targeting different neighborhoods, price ranges, bedrooms, etc. 2) Not everyone that says they are wholesalers do it consistently enough. There might be 100 talkers and only 20 major big players. Out of those 20 half might be focused only on high priced homes.

I started mailing in February and out of about 35 calls only once has a seller told me that I'm in competition with someone else.

You can use Google Voice. It's free. Buyers can leave messages.

I use an answering service. Voice Nation. It's $1 a minute. I average about 45 mins.