All Forum Posts by: Jeff Parkerson

I would keep it and maybe use that incident to try to amend your offer and save a few $k (never hurts to try). And then I would go across the street and make a cash offer to the guy's family. They're going to need the money for legal expenses anyway. I'll be happy to keep those homes occupied for you and I can manage them as well. 

Jeff Parkerson 

Realtor and Property Manager

www.BuySellorLeaseTX.com

817-823-0781

I'm trying to get a blank contract for residential home purchases (in TX we call it a one-to-four contract).  I appreciate any help I can get.

Thanks,

Jeff

Follow up on the Huntington Beach property. Zillow shows that its worth $1 million even. She owes $541k on it total, but owes back payments worth $17,000. She stopped making payments and tried to get a loan mod, but wasn't approved. If she was paying monthly payments, they would be about $2800 plus $700 in property tax.

If she sells the house, she is supposed to pay her ex husband $350k or 70% of the equity, so she's not too concerned about the equity at this point. She said she would be willing to deed the house over to get out from under it.

So does CA allow "Subject-To" deeds? And Does anybody have access to private lenders that would be able to provide for the back payments?

I've been reading posts for a while and I'm wanting to get started with my new career in REI. I was about to purchase the $15k course from Renatus, but I've read on here that it may be a scam.

Some of the investors I do know only want to pay me referral fees and not help me learn the trade. So if anybody can help me in the areas I'm currently working, please contact me.

Here's my two scenarios:

1) Huntington Beach, CA ~ I have a friend that has a $1mil beautiful house. She owes $541k on it and just won the home in a divorce. She can't afford the $4400mo house payment so she just filed to short sell it.

2) Kansas City, KS ~ a friend's $380k house is about to be foreclosed on. He has two mortgages on it and is willing to do anything to avoid foreclosure.

If anybody can help me with these two cases, please respond. I'm wanting to learn as much as possible. I'm okay with getting referral fees, but I need to learn in the process so that I can start working these cases myself.

Thanks,
Jeff