All Forum Posts by: Scott Hope

I was just trying to do my research when not only a local lawyer warned me and then an investor that requested information about a property I had.

Read the article for yourself. All I'm looking for is honest conversation on why this guy would have been charged.

Thank you all for your comments and experience. I am going to get the details of the case at the court house or library this week. If I learn anything else I will post it.

I have also met with a RE lawyer about wholesaling to have my contracts checked and he was the one who suggested I do my research locally on recent cases. I will need to get a second opinion.

Again though, I'm not looking for legal advice, but does anyone side with me on the fact that a double close would eliminate any of the reasons they sited for unlawful actions? I would be showing a vested and finacial interest in the property by taking title during the process.

March 14th 2009 publication date.

Sure...

http://nl.newsbank.com/nl-search/we/Archives?p_action=list&p_topdoc=81

If you email me I can also send a scanned copy of the purchased article. You will have to pay 2 bucks to purchase otherwise.

I live in Fort Wayne Indiana. Just last year J. T. Radebaugh was charged and jailed for assigning contracts on real estate properties. He made around 800K in 2 years. The local Attorney General filed charges saying that because he didn't have a realtors or brokerage license he couldn't collect fees such as his "assigment fee". That is how the paper described it. They went on to say that he was negotiating a price with the home seller and marking it up to a "cash" buyer and collecting an assigment fee. This sounds an awful lot like what I have been working to do for the past couple months.

Anyone out there have any insight? I would like to think that double closing would eliminate this argument becuase I would essentially take ownership of title and then simply sell again. This can't be any different from buying it myself and selling it a month later in the eyes of the law. Any thoughts. If you want to read the article look up his name on the Journal Gazette of Fort Wayne, IN.