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All Forum Posts by: Keith L.

Keith L. has started 5 posts and replied 13 times.

Post: Earnest Money forfeiture.

Keith L.Posted
  • Investor
  • Posts 13
  • Votes 1

Thank you for your response. Yes she intended to live in the house.  I will find out about your following questions and get right back with you. 

Post: Earnest Money forfeiture.

Keith L.Posted
  • Investor
  • Posts 13
  • Votes 1

Hello all, I'm asking this question on behalf of a friend. The seller is insisting that they will be keeping the Ernest money as well as suing for repairs they made to get the property in compliance with FHA standards.

So here's the story.... The company advertised the house as empty and newly rehabbed....upon walkthrough the home is dirty and damaged with a tenant. My friend signed the contract to purchase the home 

The closing date came and went without the owner having the repairs done. My friend then recanted the contract after she noticed weeks later the home still has a tenant.

Company did fix the required repairs per FHA guidelines after the closing date. So who's at fault my friend or the seller?

Post: Are you ready for the “opportunity”

Keith L.Posted
  • Investor
  • Posts 13
  • Votes 1

Hi all, 

I'm new to real estate and would like some perspective from individuals who were invested in the previous downturn. For example do you think prices will drop?  Will there be incentive programs coming down the pike.....?