All Forum Posts by: Sam Eligwe

WOW!!!! This is awesome. Congrats to you and yours. 

This is unfortunate. Depending on what the contract says, I wouldn't expect anything serious outside of the EMD. But it really depends on what is in writing.

I had a similar situation, where my client was under contract and decided to back out because the home had major plumbing issues. We sent in a well and septic company to give us a quote on remediating the work. The quote took longer than expected (1 day pass inspection period), and once my client viewed the quote, we know there was no way they were going to fork over $12,000 to fix contaminated water. My buyer pulled out, and the seller tried to force my client to buy the home saying we responded to late, and therefore we had to move forward with the sale or else they were going to sue. 

I told agent and her sellers "See you in court"...Long-story short my client ended up having to forfeit half of the EMD ($2500). For peace of mind, we refunded the $2500 to the client although they did not want it. I will tell you it was a headache with the court and responding to the other parties attorney, make sure you have legal representation to streamline the communication.

Sam M. - I use Tareq Khattar. He actually a licensed Financial Advisor. I can send you his contact info (DM)

Hi all, My business partner and I are looking to acquire a property where the seller filed a BK and now the title company can no issue a clean title...I'm looking to buy and flip the property. Home is tied up in BK and now cannot be sold... Any help??

If I were in your shoes, I would research local bank in your market. Big banks won't be as flexible.

Tobey Porter Hey Tobey, are you still in need of a reputable financial advisor? I have a really good certified trustworthy gentlemen. Great guy

Josh Thomas Are you still searching for a investor friendly title company?

Quanicka Burr Thanks for your posts. Let's connect.

I have another guys who would work out as well, Luis Coralles

A great start would be my guy Tareq Khattar. DM me and I will give you his contact info. Awesome guy that really knows his stuff and can guide you.