All Forum Posts by: Phil L.

Bryan,

Do you still need help with getting your logo in vector format?

In addition to a real estate investor, I'm also an experienced logo designer and used to working with vector and non-vector artwork.

If you need assistance, please let me know.

Jon, do you know if these extra charges/fees are paid to the trustee, or can you bypass the fees by going directly to the lender and just paying the back payments?

How difficult is it to purchase a pre-foreclosure, subject-to the existing financing?

In these cases, the owner has defaulted and the lender has begun the foreclosure process. There is usually a foreclosure attorney or trustee that is assigned to the case.

If you want to purchase the property subject-to the exising financing and you won't be paying off the owner's mortgage, will the foreclosure attorney have a problem with it? Or will they insist that any buyer pay off the mortgage? Does anyone know any strategies to purchase a pre-foreclosure subject-to?

What I'd like to do is get a property under a subject-to option contract (simple, 1-pager) with a seller, look for a buyer, find a buyer, exercise option with seller, transfer option contract to the TREC contract with an addendum to assign it to the buyer.

My question is in regards to what to put in the blank for sales price, considering it is a subject-to. Would you put the total amount of the mortgage balances and other liens?

Also, what additional clauses would you include for the option contract?

Does anyone use an option contract for a subject-to deal? If so, can anyone share an example with one filled out?

This looks like a very good resource and it's free for one year if you register before 11/17. You can edit templates and upload your own.

http://my.contractcrusher.net/

How about just driving around and finding FSBO signs? The signs have their number to call...

I'm seeking a mentor to help me complete my first few wholesale deals and split the profits. I already have ways to generate leads from motivated sellers...just need someone to show me their own process, view properties for repairs, make offers, etc.

Let me know if you're interested as I currently have a few leads that need to be addressed soon!

Phil