All Forum Posts by: Lisa Monroe

If a judgment is $100k, why would a max bid be $70k, example?

What dollar amount would a typical auction start at? $0?

Florida counties hold their auctions online.

What is the minimum bid for these properties? Is it the final judgment amount?

Yes I am new to the online auction and would like too know what PLANTIFF MAX BID, FINAL JUDGMENT is.

I am getting my license and was wondering how do agents choose which broker too work with.

Thanks Ned.

Its a bank REO. I cannot assign nor change buyer. I have been successful in adding buyers to the contract but I have never gotten far as too use a QCD. I guess I will have too create a plan B if they refuse too add a buyer.

or if there is a better way, please explain.....

Has anyone wholesaled a property by adding the end buyer too the purchase contract and using a quit claim after closing too remove themself from title?

If so, can you further explain how this is done? I have heard off and on about this method. Transactional fees are eating into profits and I need too find another way too wholesale.

Some questions that I have:
1) Who creates the quit claim
2) Is is signed before or after closing?
3) What contract do you use too spell out to the end buyer you're using a QCD and your fees associated?
4) Do you have your end buyer sign your contract first before adding him to your purchase agreement with the seller (Bank)?
5) is the QCD recorded with the county?

Just confused. I would appreciate it if someone can walk me through the process. Thanks everyone!

Thanks!

Hi Everyone, I am wholesaling a Fannie property.

Can I add my buyer to my purchase contract and then quit claim myself off the deed at closing? My fee will be less than the 120% restriction.

or would I have too double close, still staying under that 120% restriction?

i got it thanks!

Hi Everyone,

I know there has been many threads on this 90 day flip topic but I would like to know if this deed restriction applies to buyers using a FHA loan only or anyone.

For instance, I wholesale a property to investor A for no more than 120% of acquistion price. He is a cash buyer and it is a FM property. Would he have too hold the property for 90 days even though he is a cash buyer?