All Forum Posts by: Thomas Jackson

Property is in the foreclosure process for the third time.

Facts: Old house, owner died, (current owner) administrator of estate lives there, property is in the expedited foreclosure process , current owner is requesting $345k, amount to cure default is $75k, amount to pay off loan agreement $194k, Houses on the same street range from $300's (35 out of 90) to $900k (recently built) according to Zillow. What are my options? Any recommendations? Mind you I'm new to this.

Hi Y'all. I'm looking for Investor friendly title companies in Houston, Tx and Investor friendly Closing Attorneys in Syracuse, Ny. Someone please resopnd back.

I am in Texas. How do I wholesale a property in another state. I'm talking about the paperwork part. I have a Motivated Seller. I have a little list of cash buyers in that particular are. Can I prepare a contract, get it notarized, send it to the seller, have her take it to her closing agent, and do the same with the buyer? Am I on the right path? Is there a better way? I all ears/eyeballs.

@Adam Roberts @Scott Swink . The sell didn't like that I was going to use third party money to fund the transaction. He thought that I was just going to whip out a checkbook and write a check on the spot. He also didn't like that I wasn't going to put down 10% earnest money.

I meet with my first motivated seller yesterday. I went and did a walk through of the house and I must say it was ****. We talked for a good thirty minutes before discussing price. We ended up agreeing on the price I wanted. Everything was good until he asked for the earnest money deposit. I could come up with the amount he requested. That is when I informed him of the process. He didn't like that I wasn't forthcoming with that information. So the deal fell thru. Even though things didn't go the way I planned I consider it a success.

Thanks for all the info people. I agree with @Dev Horn . I'm gonna have to up boots on the ground.

I live in Texas. I have started to market in another area(Syracuse, NY Area) where I plan to move in about 6 months. I already started marketing in that area. I received a call from a motivated seller. She is in a nursing home(2 hours away & unable to show the property). She want's to sell her house that is 1 1/2 miles away from the major mall. The house is worth $50,000(Zestimate). She is willing to sell it to me for $20-$25k. I have like 3-4 cash buyers in the area. How should I finesse this?

Ok. Cool. Thanks.

Who are those two books written by and how do I correctly mention people?