All Forum Posts by: Corry Taie

We ended up using the forms from chase.com.

Will. I have been opening & babysitting escrows. I will get you the contracts today.

A friend had a nieghbor that was losing his house. I signed the nieghbor. Negotiated with the bank. BPO was 243K I got it under contract for 123K assigned it to a friend who got financing & walked out with $11,500. Buyer doesnt have to be cash. Cash is alot easier, but not required. Now I work with agents & brokers to find sellers & buyers. Thta process took me about 2 mos. for acceptance & another mo. to close due to buyers financing.

Back then I got screamming deals & wholesaled them to cash buyers or got an end buyer from an agent. If you can form a good relationship with an agent that gets it, they can be extremely valuable to you. That would be my suggestion if you are starting out & don't have a buyers list yet.

Sent you a request. Add me & send me your email & I will send it to you.

Ok, so I keep hearing how this is illegal. Well, after spending my day discussing it with brokers, escrow agents & attornies, it's fine as long as you have FULL DISCLOSURE across the board. Everyone must know what is going on.

BTW. I just opened 4 escrows today & not 1 escrow agent had a problem with it & we are closing them by the 30th. How bout that?!
Now, tell the haters to pound sand, relax & as always.
Happy investing.

Gotta get the BPO to come in right & negotiate the crap out of it. I was doing them in So. Cal. last year when the market was dropping 3-6% per month. A little more to do to make sure the purchase price is right, but it can be done.

I had the same thing. I kept everything the same & signed a P/A. I also have a short sale addendum signed by the seller. If you dont have a SS addendum, I can send you mine.

I hear new reasons every week why we will end up in jail for doing short sales & flipping. If it was illegal, eveyone would be going to jail & no one would be doing it because they would get in trouble. I disclose to the seller, lender, end buyer, agent, & eveyone else who I am & what I do. If you do that, no problems. Thats ok though, everyone that thinks it's illegal can continue to stand on the sidelines. Thats more for us! Thanks for the help!

End buyer is all cash & they know it is a flip.