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22 October 2015 | 8 replies
If not, they forfeit the option payment as it's non-refundable.
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23 August 2018 | 14 replies
Seems to me this is a breach of the lease and potentially forfeiting the deposit but I would check with a local attorney for verification.
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31 May 2017 | 22 replies
If they sign the lease and fail to move in, their holding deposit gets forfeited.
4 March 2015 | 3 replies
i dont wholesale nor consider wholesaler offers but perhaps someday will. i just don't understand what's in it for the seller to waste even more time in contract with someone thats not trying to get financing, but with someone thats trying to find another buyer to enter into a subcontract with that will in turn start trying to get financing within another contingency window; thus the seller accepting a wholesaler offer is entering into a potentially double contingency unless the buyer found by the wholesaler is an investor who is actually cash buyer.do wholesellers at least forfeit some of their deposit to the seller if/when their contingency period expires unfulfilled?
29 January 2013 | 8 replies
Typically a deposit is forfeited to cover missed payments if they were to break a lease early.
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19 January 2017 | 7 replies
Likewise, in a reverse exchange there is the risk that after assuming hard money loans on the new park, I don't successfully finance the new park with a bank loan, in which case I would likely forfeit the park or sell at a loss.I like the idea of selling the rentals with more or less a variable closing date to coordinate them better.
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30 July 2015 | 3 replies
KyleI believe you can put in your lease the security deposit is forfeited if they break the lease early.
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16 February 2023 | 9 replies
Hello,This is my first ever post, I am a newbie to BiggerPockets.My family has recently taken back a property that was forfeited through a land contract forfeiture.
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8 March 2019 | 8 replies
If they show up and decide to back out, they immediately forfeit their deposit and I move on to the next one.
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14 February 2015 | 12 replies
So through the process a junior interest can redeem a senior interest, by paying the total due or they forfeit their right and their interest is removed from the Subject Property.