All Forum Posts by: Jeremy M.

I don't fully understand this part of the short sale rider form, can anyone help me out with which is best for me as the buyer:

4. Contingency time periods in the contract for title, survey and inspections, if applicable, shall (one box must be checked):
1. Begin as set forth in the contract(no change to contract terms intended).
2.Begin at such time that all parties have actual knowledge of lien holders approval or of Seller's waiver of the contingency for lien holders approval.

Im the buyer, and I have 5 day inspection contingency...which is best for me?

Thanks for the comments.

I did set an appointment, but the listing agent is saying that she didn't "confirm" the appointment. Im a new Realtor so I didnt realize the other agent had to confirm the appointment. My only two other properties that I also made an appointment on didn't need any confirmation. So well see, I dont think this is going to go anywhere but ill keep you updated.

O and I still do want to purchase the property because it is a great deal. Dont know if that'll happen now.

So I was looking to purchase a 15k short sale deal and I contacted the listing agent to get more info. The house was on a lock box so she told me"make an appointment and go in and take a look around." So I did exactly that. Hours later I get a call from the homeowner saying that he has filed a police report against me because there was things missing from the house.

Really?!? Kinda feel like there trying to scam me on something.
So what is going to happen?Any advice?

Have your tried going to your local RE club and asking those investors which title company they use? Asking someone on here for a local title company in your area will be a bit tough.

I think I may know what Scotts talking about. Theres a guy that owns a company called West Florida Wholesale Properties down in Tampa. What they do is buy Reo properties and just flips them to buyers, no rehab no fixing, just plain old wholesale. They close 20+ a month or so.

wfwp.postlets.com

Thats there postlet page and they constantly have dozens of REO properties that they flip. On there youll see a disclaimer that saids these are reo properties that they have under contract and they they do not own, or something of that sort.

But still bottom line will be that you Need the EMD for to get them under contract to flip.

Demos Loizides , Hey demos looks like u were half way there. What type of property was this? banked owned or from a motivated seller and what state(location) was this in?

Besides the online courses and textbook, I think a really good prep book is the "real estate license exam, for dummies." It goes over everything you need for your exam as well as give you lots of example test questions to prepare you. With the course and the dummy book I easily passed my exam.
Good Luck.

Your local REI Club, best way to meet investors in your area.

Dont mean to bring back an old topic, but what ever happened this this? And are you still wholesaling houses?