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All Forum Posts by: Neil G.

Neil G. has started 58 posts and replied 219 times.

Post: Money's not a motivator for me, need help with mindset

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

Whats in my pocket after a walk around my acreage on a lucky day? A handful of organic fruit and/or nuts, fresh picked! Priceless.

A possible deal breaker / ball buster: Cash buyer ready to go to contract and offer pending acceptance included my home based ornamental plant nursery biz (Ebay 'PowerSeller' online store, website, the works) plus attached greenhouse, attached nursery stock inventory, attached equipment, etc. Not personal property, as attached in various manners, ie as permitted trade fixtures; okayed with zoning as well as active business/nursery permits.

Am glad to sell despite income as I'm relocating long-distance, but buyer is requesting to now separate the home biz inventory etc out of the sale as doesn't want it taxed along with the single fam. Feasible? How?!

Oh and when a LIEN is satisfied, how come the creditor/whatever that obtained it isn't required to file a satisfaction once they are paid off in full?! I find it awkward the collection attorney said its up to you to prove you paid it by paying whatever fee and filing their satisfaction letter =L

Case: Credit Card Collection Attorney obtained Default Judgment in Superior Court, LA County  on $5k unsecured and attached LIEN right before they cashed my check which paid off the Judgment in full.. Escrow officer informed me they will hold $10k and send at least $5k of it to the creditor/their attorney to satisfy the lien (that's already fully satisfied). 

Course, I've already contacted the creditor's attorney who mailed me a notarized letter of satisfaction that apparently I need to file with the LA county County Clerk/Recorder(?) and told me over the phone I will have to include a check but didnt know for what amount and payable to who.

My question would simply be what is the Fee to record the satisfaction of debt/lien and where do I mail that check (payable to who?) and do I have to fill out some sort of court form or do i simply registered-mail the notarized letter of satisfaction along with a check and thats that?!

Post: Lowest Cost 1YR WARRANTY on SFD Resale (Los Angeles County)

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

course prefer to sell AS IS! 

but if seller's broker requires it (or negotiations result in the furnishing of one)..

 what flat fee should seller expect to pay for warrantying a single dwelling resale as seller to buyer for a year? 

what companies are out here and how affordable were they? seller's not happy about it but does have $250 in budget for it.

Many of prospective buyers seeking finance on my Socal properties tend to be the old fashion type that are not interested in such venues as lendingtree nor eloan that tend to hook them up with a long distance over the phone/email broker, and prefer a storefront office to sit down in with a broker to practically hold their hand through the app/qual process. Seems there aren't any mortgage lenders/brokers with offices in the area though, other than the big banks, though. Know of any in the coastal 562 or northern 714? lemme know, thanks..

Post: Require X-Qualification to Avoid Agent/Brokers with Fake Buyers

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

Awesome two points, Kristine.. thanks doll!

Post: Require X-Qualification to Avoid Agent/Brokers with Fake Buyers

Neil G.Posted
  • Investor
  • Socal
  • Posts 222
  • Votes 34

CROSS-QUALIFICATION Requirement.. In cases where neither a brokers' open nor periodic open houses is feasible, is requiring buyers interested in seeing property to first CROSS QUALIFY with a specified Mortgage Broker (in the MLS)) a good way to screen out the plethora of buyers just 'window shopping' often not even 'really' qualified other than per their own or their agent/broker's word?

And what sort of referral fee would be reasonable to be expected from promoted Mortgage Broker if they end up financing the deal??

So the process server I hired to serve the Summons/Complaint/Prejudgment Claim of Right to Possession indicated she tried 2 times last week and 1 time this week and each time she was confronted by an entire family in the SFD being vacated, who somehow moved in and would not give their names but informed that they do not know the named Defendant =L

Process server is mailing the proof of service into court (Los Angeles) but I am now wondering how does that work since per LA and OC websites' wording, that they expect even the Claim of Right to Possession be delivered (whether direct or substituted) to a named defendant?!

I mean to say, i thought the whole point of serving a separate copy of the summons/complaint and prejudgment claim of right to posession would be to inform 'everyone' possibly living there (All Occupants) that there is a UD filed and eviction pending; wouldn't serving the claim of right to possession also to the same named defendant open up the possibility of the defendant 'hiding' the summons and blank prejudgment claim from anyone else living there? (or in my case, the reverse; the defendant long vacated but left the dwelling to unnamed squatter 'Does')

the UD filed does (pardon pun!) name the defendant and Does 1-10 inclusive, and the process server told me she served the extra copy of summons/complaint + CP10.5 to 'Doe 1' on behalf of 'all unnamed occupants'.

still, this OC site wording perplexes me; yes i'm dealing with this case Pro Per so dont have legal counsel nor expect any.. but opinions/experience/insight are welcome =D

http://www.occourts.org/self-help/landlordtenant/f...

"

SERVE A PREJUDGMENT CLAIM OF RIGHT OF POSSESSION:

You can serve the Summons, Complaint and a blank Prejudgment Claim of Right of Possession (CP 10.5) on one of the defendants on behalf of "unnamed occupants." The occupants who are not named in the complaint can add themselves to the action as defendants. To do this, they have 10 days to file the Prejudgment Claim with the court. If they do not file a Prejudgment Claim, the judgment you get in court will apply to them. They cannot file a post-judgment claim of right to possession. This does, however, delay the time in which you can obtain a judgment to evict from 5 days to 10 days."

prefer almond (alabaster/cream) over the other 3.. but it seems out of style =L