All Forum Posts by: Dustin Verley

Awesome job! Definitely looks good. I see lots of these hoarder homes and have to say that the vision afterwards is hard for me to imagine...until now. :)

@Donovon Rogers Below is a few more things I found that may help you out, links included:

Public Record Access Policy in Delaware Chancery Courts: https://courts.delaware.gov/help/docs/ChanceryPubl...

Kent County Court of Chancery - Kent County Courthouse, 414 Federal Street, Dover, DE. 19901 (Right near Loockerman St. and downtown Dover) -- Hours: 8:30am-4:30pm

https://courts.delaware.gov/locations/chancery_kt....

Hopefully this information helps you... good luck!

@Donovon Rogers I'm not an expert in probate or have dealt in it much, aside from researching, but a quick Google search yielded some results. In the State of Delaware, a petition for probate is handled by the Delaware Court of Chancery system. Whether this is 100% or not, I'm not sure, but seeing as how you have tried Levy Court and Register of Wills, Chancery Court may be worth giving a shot.

Let us know if this is correct once you get a definite answer.

Very nice write up...congratulations on the rehab and much luck on the sale of the property.

@James Masotti Although I agree with you 100%, I wonder why the City of Wilmington doesn't consider bringing in individuals for those roles that require a college degree, or initiate a program to allow for the proper training for such roles within a legal or banking firm.

One thing I would be glad when they figure out is the plan for the old GM Boxwood plant. I've heard this thing change hands so many times recently, and now they're speculating the potential for another company to come in as a result of a recent sale.

As we've already established, the opportunity is there, but (and I rarely like speaking about politics) -- but in this case, the decision the politicians make will play a huge deciding factor the success of Wilmington.

@Jack Clough Interesting... I've never been to the one in Newark so would definitely like to check it out once completed. I normally utilize Wilmington station. Thanks for sharing.

@James Masotti I remembered a while back you made the suggestion that the east side of Wilmington could see a turnaround if the new Police Chief (correct me if I'm wrong here) could implement a plan to correct the issues going on over on the east side of Wilmington. Do you still, in your opinion, believe this is possible?

@Jack Clough I don't know too much about Wilmington, however, I will also agree that Elsemere and Claymont also are good areas, solely based off of driving through the areas. Would like to hear more about the new Amtrak station though (is this the new station they are building in Newark or is it separate?)

In the context of this conversation, I agree with @Eric Armstrong - BUT, if you want to maintain legality without a license, you could always make use of transactional lending. Or you could invest in properties on terms and, possibly, assign the agreement between you and the seller to another investor for a slight profit.

Again, I am NOT disagreeing with your lawyer, but as some have said before, contract assignments (to the best of my knowledge) aren't illegal - and when you're wholesaling a property, you are transferring ownership of the contract itself and the rights to purchase, not the real estate property (or at least this is my perception on the topic.)

Hopefully this helps:

http://www.nolo.com/legal-encyclopedia/assignment-of-contract-basics-32643.html

**Please NOTE these are just my opinions and are in no way, shape, or form, any legal advise. As I've mentioned a few times, heed the advise of an experienced, license legal professional.