All Forum Posts by: Mark H.

You won't ever know how good your contracts are until a judge rules on one, and then it's too late to make corrections. I'd rather let someone else experiment.

As for attorney involvement, there were several attorneys in my real-estate class - one played solitaire on his computer for the entire 100 hour course. I'm not sure if that inspires confidence or scorn, but I personally would rather have someone else prepare my contracts.

For this kind of money, an hours consultation with an attorney is certainly worthwhile.

FWIW, my understanding of ca law is that a purchase money mortgage (not a refi) is generally non-recourse. Dig out that paperwork and find an attorney to look it over for you.

It is possible they might try a "self-help" eviction, however it could be very costly were they to try that. It doesn't mean they won't do it, but it would be pretty stupid.

Talk to your attorney again for the scoop on eviction in your state - it could be a 2 week process or a one-year process, depending on the state.

You can both be evicted at the same time.

In every situation I'm aware of, it's perfectly legal to sell real estate that you own. RE agency law requires a license when you "represent" someone else in a RE transaction. It's not a very high bar - a few hours in class, and a multiple-guess test, but its at least SOMETHING to show the world your not a hack.

RUN!, please RUN, and take your checkbook with you.

The property is officially yours until the trustee's sale. The trustee will either sell the property to an investor, or back to the bank. The bank then has to evict you.

In AZ, an eviction can be done in just a couple of weeks. My understanding of CA is that it can take months.

You'll be getting some certified letters soon, be sure to open them, and it might not be a bad idea to look for a legal aid office. They should be able to tell you how long you have to vacate.

Save your money, and start looking for a new place to stay, depending on the bank, they may offer you a few bucks to leave peacefully and not damage the property - they call that "cash for keys".

It's a miserable situation, but remember your life can change for the better just as quick as it went south, so keep your head up.

"Today, I've got a great relationship with an agent who gives me the codes to all his houses. Of course, I've bought two properties from him so he knows I'm real (and that I don't pay close to asking). But he'll also continue getting my business."

FYI - in my area, giving out lockbox codes gets your mls access turned off and a hefty fine.

To the O.P. -Unless you can perform on two purchases, you shouldn't be writing two offers at a time. Your realtor owes you loyalty, but has a legal obligation to deal fairly with sellers too.