All Forum Posts by: Shashank Gokhale

@mitch hill I can, but it needs their signatures so they are going to know II am using a lawyer and they dont want me to pay for  lawyer because they think it will cut into their profits

Im in San Antonio, TX.  Here's the story: Im trying to buy a house.  The house belongs to a divorced couple, who both appear on the title.  The wife just wants to be done with the house and will sign over the title to the husband through a quitclaim deed, without asking for any money.  Now I know a quitclaim deed carries no warranty on title or any other warranty, but the house is currently in both these peoples names, and their mortgage is paid off already.  

He doesnt want to pay for a lawyer to create a quitclaim deed, and neither does she, they both want the other person to pay that lawyer.  And they dont want me to pay for the lawyer either, because they are possibly very wary that I might do something to steal their house, or they think that the money spent on a lawyer is money that they could get.

So basically, is there a lawyer on here who can tell me the essentials of what a quitclaim deed is, who is the grantor and who is the grantee, if both people owned the house and one is just relinquishing rights in the property?  I know the husband, who is going to be the recipient, will be the grantee, but is the grantor just the wife or both of them?  also, does she need to state specifically in that deed that she is 'quit claiming all rights' in the property to the grantee or should the words be 'quit claiming 100% of the rights'?

Also, does the execution of this deed require some sort of monetary exchange to be mentioned?

No, im not talk8ng about creating a new contract, the trec 1-4 is fine.  Im just talking about the option period, which allows you to back out for any reason.  If i say i dont want an option period, then obviously i dont pay a fee for an option period.  If instead, i add in special provisions that I want an inspection period and the seller agrees to it even though no fee will be paid, then is the inspection period legally allowed, or does the trec contract say that only an option period is allowed, and without payment of a fee, the buyer is not allowed to back out for any other reason

 Well, the texas contract states an option period is possible upon payment of an option fee.  It does not mention an inspection period.  But if I want an inspection period, and I write it in the special provisions, AND the other party agrees and signs, then can he or the state later say that since there was no payment made, the contract could not have allowed for an inspection period, OR say that inspection periods are not allowed even if added to the contract?

Im in Texas, but this pertains to any state.  Is it necessary to use the real estate contract that the state provides or can you make up your own contract?  

As long as both parties agree to and sign a contract, then do the provisions in that contract decide whether the contract is fully executed properly or does the state's contract override some of the provisions in the contract to which both parties have agreed and signed?  So if I choose not to have an option period for the purchase of a property but instead choose to have an inspection period, and I dont pay any fee for that period, then even though the state contract says that a fee is needed for an option period, does the state say that the inspection period I got is the same as as an option period, and since no fee was paid, the inspection period was not a part of the contract?

Whoever a contract is filled out and signed by both parties, does that contract absolutely specify what the terms are, or can the state where the contract applies override the terms in the contract?  For example, I am a wholesaler in Texas.  If I draw up a real estate contract (signed by both parties) that does not mention some of the things in Texas' real estate contract, then would the Texas Real estate contract override what is in my contract?  Specifically, if the TX contract says an option period can only be offered when a fee is paid, and my contract just says "Seller agrees that buyer has a 7 day option period", then is a fee still owed just because it was required in the Texas contract?

How do you get contracts electronically signed, what software do you use, and how much does it cost

@Jim Watkins  Im interested in doing preforecosures in dallas too.  Is there any way to find out these lists online or lists for any other type of wholesale leads (tax delienquents, absentee owners...) from the dallas county websites and if so can you walk me through?  

@Christine Newton @Jake Ridley  Hi.  I am interested in finding properties in austin that are preforeclosures, absentee owners, violation notices, tax delinquents.  Is there any way to find these online through the travis county clerks website, and can you walk me through please

Hello all, 

I am interested in doing preforeclosure acquisitions, and of course if anyone has a script they can share of how to talk to the sellers and what I need to get from them, then lease let me know.  Also another thing I was wondering about is, are houses that are built more recently like in 2015 and up (its 2020 now) also good preforeclosure leads if they show up up on the preforelosure list.  Or should I just go after homes that are older like say built 1990s?