All Forum Posts by: Richard Chae

 ok ill look into a RE lawyer, thanks!

I have a lead who i offered a subto/seller finance option to. back story lead is getting a divorce and can get ~340k if listed. asked 300k if sold to me, everything updated within past 5 yrs except carpet and interior paint. I offered subto/seller finance, with a down payment to take care of ex-wife's equity, and a balloon payment 3-5 years. my question is if i use a TREC contract, would and list the details of the transaction, is there anything else i need to do as far as paperwork besides the contract?

also am i able to assign this contract to another buyer if i feel that is the best way to go? if so how would i go about that? a double close or would it be more of an addendum and replace the buyers name with my name.

thanks in advance for all your advice

Looking for anyone that is an end buyer, Landlord, property manager, fix and flipper in Blytheville, Arkansas. I have a a few questions, if anyone can assist. Thanks in advance!

not a lawyer but I was under the impression that Texas does not recognize quick claim deeds, only warranty deeds, I'd look more into that. as far as the due on sale clause, everyone i've spoken and have done AMPS, sub-to, or title transfers, only one person has ever have a due on sale clause initiated cause in retrospect banks don't care how they get their money as long as they do.

not necessarily a new member but Ive been lurking in the background on and off, finally decided to introduce myself. I am Richard, physical therapist by trade and in the beginning stages of real estate. Currently operating 1 long term rental in the NW Houston area. I want to see what value I can offer anyone in the Houston metro and be able to learn and grow together along the way. nice meeting y'all feel free to reach out and connect.

 Thanks! I’ll look into that.

 Thank you!