All Forum Posts by: Nicholas Morris

Thats fraud. You have to sign a federal offense disclosure when your offer gets accepted.

My OP did not and/or was not intended to have attitude with anyone. Read the whole thread. The only people with any perceivable attitude is you and Joel, imo. You admitting you have attitude says a lot about you. Assumptions are really never justified. I am sure you have seen the break down of ***-u-me. I did not answer your questions because i perceive your presumptuous post makes you seem like a douche, which you confirmed by admitting your intent was respond to a perceived attitude in the op with more attitude. That said, good luck to you.

Joe, you make too many assumptions and take the attitude somewhere else.

Are these still attainable? I really dont much about the subject so if anyone can give an introduction to what they are and how to get them I would appreciate it.

Hey Jon, Thanks for the input. My understanding was I would need the downpayment to do the first closing. The earnest money is not an issue. My offer is I will pay for 20% of the sales price and a loan for the rest. Do I need to actually have that 20% to do the double close?

If you read all the way through you would see I do have the ability to fulfill it right now so im not sure what you are referring to. That is your honest OPINION but legally there is nothing wrong with it. You really are jumping to a lot of conclusions, I gave you a glimpse of something and you made a lot of assumptions. Thanks for the input though.

Over 75% of the bailout money has been repaid with interest. The banks and automakers have repayed. I think aig, fannie and freddie still owe a lot. Looking at it now, I have to admit this was excellent decision even though very unpopular when it was passed.

I dont get what you mean by "Certainly one doesn't have to have the cash to close however they should have the ability." The ability if no buyers come through? That means, you need cash. If you are wholesaling, you cant close every property you put under contract, you can not guarantee anything and are making no gaurantee of the sort. And with trying to wholesale a short sale it appears you DO have to have the cash to close and thats what is being discussed. Anyways, you are derailing my thread which means I probably wont get my questions answered but thanks for your opinion.

Oh I forgot to add that I m working a deal back n forth with someone else and I might end up using most of my money for that before i get a response on this so IF this gets accepted and I no longer have the funds then what kind of options do I have. See what I mean?

I disclosed this to my agent so she knows. Wholesalers always make offers, get them accepted then get a buyer for that accepted offer before the contingency period is over. If this a typical short sale in length Id actually have 4-6 months to come up with 12k which i would be able to do. I also can pull 18k out of a credit line if needed but the lender might not like that and i dont really want to do that, but might.