All Forum Posts by: Scott Johnson

@Adam Schneider Aye!

@Joe S. Huh? 🤔 

@Ken M. What they do is file the memorandum with only the buyer notarizing it, not the seller. I think that's where the courts are going to tell investors that they're SOL, but that'll be up to the states.

The locations I've seen (and the one I've done) weren't any extensive repairs. We just did what needed to be done to allow for FHA/VA financing. I'm sure there's investors putting more money into those properties.

@Don Konipol Ooooooooooo! That's a VERY good question. Its my opinion that until the courts have decided and the Real Estste Commissions have made rules around it, I don't necessarily believe the broker would be punished because how would they have known? I don't believe the questions of title are taught at length in our real estate licensure courses, so I don't feel like they'd be punished outright. A slap on the wrist, possibly.

When you say commissions are high, can you tell me a little bit more about that?

Are they paying late fees too,@Chris Matthias?

It all begins with one step! Congrats!

 Interesting. I'm intrigued to see what happens. From what I remember, they were paying those owner's loans current and then putting a deed of trust on the homes. With that option on the table, I don't doubt that something will happen. 

My only thought is that those loan balances may be a bit too high to work for a lot of investors numbers. But we shall see 😄 I appreciate you, Ken! Great info!

Well looky there! EstateLegal.com is no longer a valid web site. It never fails. When flick on the light, the roaches like @Christopher Johnson, the one signing the contracts for Estate Legal's bogus Lead Generation Services, scatter. 😂

Another update! I'm working with the North Carolina Real Estate Commission to build awareness. Not sure how much good it will do since they're going into hiding, but I've spoken to over 20 people that they've hit, so their appetite is whetted and they'll be back for more, I'm sure, but under a new guise. Expect that @Christopher Johnson & William Silva are not their true names and they'll be changing everything so no one will know them from Tom, Dick or Harry.

I'll be continuing efforts to identify them which includes locating them based on the IP information that I've collected. I'll be able to identify where they are, who they are and can track them much better. 

All eyes are on you @Christopher Johnson. You got one over on us this time, but you'll get caught soon enough. 🙂

what I mean is, where are you getting the information that states that they're on more pre-foreclosures coming? That's a topic. I would like to see covered.