All Forum Posts by: Curt Dumonceaux

All I know about these "list providers" is that they are mostly out dated 8-12 weeks. Your best bet is to get your list from a notice of trustee sale

Is this true in MN you need to be a realtor to sell more then 4 properties? Any help please!!!

Is anyone using any type of softwear related to short sales?

REI,
I see you point, this works for him..

Thanks for all the feedback guys. I personally do not do any leasebacks. The question came up because the investor whom I’m selling the property to, does do lease backs. I for one see the risk in that investment, but he has done this dozens of time with no problems. He will do a leaseback if the person who is not making there payments because of a “one time” problem, loss of job, medical bill ect.. Someone who has a bad history of credit and non payment of bills will be passed on.

Thanks for the reply!!

Any takers on this topic?

Thanks Don for the feedback. I knew that question would come up.. Every situation is different. Collecting option $ is a big factor if I lease back to them.

If I were to get an acceptance letter from the lender for a short sale transaction and I closed on the property and in turn leased the property back to the person who was getting foreclosed on.

The question is, will the lender care who I lease the property to after I close? Does the seller need to move out?

Thanks,
Curt

[b]Is the Warranty Deed to Trustee & Land Trust Deed the same in one? If not what is the difference?
Thanks
Curt[/b]