All Forum Posts by: Parker Detweiler

Those terms make absolutely no sense. So let me rephrase and see if I even somewhat caught what you are saying. Are you asking that if you already have an accepted offer are you able to assign the property to the trust in order to take title in that name? If so just call the title company or agent and tell them you would like to take title in a different name than is on the contract. All this wholesale crap on here is ridiculous, assigning isn't wholesaling.

@Wayne Brooks

He is talking about something along the lines of a FNMA property, "Foreclosure Sales" in Pennsylvania are actually called "Sheriffs Sales". Come on Wayne venture outside of FL and keep up. Ha!

Have an attorney draw up the paperwork and you can use it over and over. We title things left and right using our normal land trusts. It is just the initial cost to get it drawn up that might deter you but once it is done once it is done until the laws change and you have to have attorney make it conform again. For example if the properties address is 123 ABC Rd we would title it as 123 ABC Rd Land Trust Dated (date of purchase) with Blah Blah Blah as Trustee.

@J Scott

We don't store anything, have tried that and you end up losing money. If our suppliers aren't willing to hold it for us we go to someone that will. Having all materials delivered to properties and using man power to actually work and not just haul stuff around is to important. Cash in to cash out is 90 days or less and we aren't going to store anything for a previous owner no matter what, if they don't remember it in the 2-4 weeks it takes us to tear the whole house apart then it isn't our problem. Then again we purchase everything through courthouses and previous owners aren't our biggest fans from the get go. That being said tracking them down is next to impossible as well. Point black you leave it we trash it and have no positive or negative feelings either way. 

Thinking about it…..you found them in the garage…..says a lot about how he felt about her.

Land Trust with you as the trustee, if you refi out and hold you make yourself the buyer and take title in your sole name.

@Dan Perrott

Try out termidor as a barrier, nothing gets past it for years.

@Ned Carey

You can try and Quiet Title them right away but normally the judge will just laugh at you even if they don't respond.

@Ned Carey 

That is just a time frame that is accepted in FL to be able to file a Quiet Title against the bank. That doesn't mean every judge is going to grant you the suit. "I am not going to Quiet Title a 1st lien holder of an HOA foreclosed property" is what judge said to my attorney one time. That is why:

"I bought the property via HOA foreclosure and the bank would never respond to a payoff nor was paying the taxes and/or insurance. So we decided to buy the tax certificates hold it for two years (while renting) and the bought the property back at tax deed (the judge wouldn't give us a quiet title against the mortgage)."

as i mentioned earlier.

@Ned Carey

In a tax deed sale I can wipe the bank in thirty to ninety days (depending on court scheduling) in an HOA foreclosure I have to wait up to four years. Normally they come to foreclose or I just pay them their payoff if I am buying it because I believe it has equity.