All Forum Posts by: Kal Paneliya

Hello Everyone!

I was once threatened by somebody (a wholesaler with whom I had a contract to sell my property, the contract expired and I did not extend that contract) that he would file a notice of interest on my property so I won't be able to close it with anybody else but him. 

Is there anyway I can look it up online if this notice of interest is filed?

Thanks

A Hector

HI

Need help from you guys.

Here is the situation. I have property under contract, I will be doing simultaneous closing with new buyer. Technically I will be closing 1st deal with bank then will be doing second closing same day with new buyer. Or should I tell my attorney to draft? 

Can Anyone PM me contract which I can send to new buyer?

Need help in urgency

Thanks in advance

Hello,

I am currently in a contract for one real-estate with another partner of mine. The closing is yet to be done. Currently, both of us have signed the contract. However, I want to back off the plan and only my partner wants to continue with this deal. Is it possible to take one name off of the contract? It is an REO property and bank is going to ask for an extension for closing due to pending lien issues with the city. So while they ask for an extension, can we remove one name? How can that be done in the contract?

If I cannot remove my name before closing, can I do it during closing? I don't want my name in the home record for this property. Please advise.

Thanks a lot.

Hello,

I am in a confusing situation being this my first time ever. I am in a contract with bank owned property, which I am trying to wholesale right now. I am not sure if I need double or triple closing. Here is my scenario:

There is a wholesaler who wants to get the property from me and sell to his buyer. The contract that I have with bank is NOT "assignable". So I will do the first closing. Now, I am signing a contract with this wholesaler who is making my contract as "assignable" to sell to his buyer. So once I do the closing on this property with bank, wholesaler will assign contract between us to his buyer who will do the second closing.

Does this process make sense? Is this doable and normal? or I have to do triple closing. I am kind of confused. Your guidance and help will be greatly appreciated.

Thanks

Miguel