Tony Wooldridge
Opportunity or Shiny Object Syndrome?
29 July 2017 | 14 replies
It will be forfeited if you don't later buy or go against the purchase price (strike) if you do.
Brian Flounders
Pennsylvania Security Deposit Escrow Account
8 February 2018 | 9 replies
My RE lawyer advises against this: "failure to have a separate escrow account will forfeit your right to security deposit funds in all instances."
Andraise Scott
Financing For Cash Auctions
6 April 2015 | 8 replies
The auction contract says the auctioneer get 50% of the forfeited deposit.
Cal C.
Should I report this agent to the Board of Realtors or?
20 February 2019 | 129 replies
If the offer for my LLC where I own less than 100%, I don't negotiate my comissions - it's my income just like everyone's else - thats what I do for living.Some banks have disclosure that if an agent buys the property in their name or their LLC name, the comissions are forfeited.
N/A N/A
1031 exchange to rental unit
25 September 2007 | 18 replies
On the first one I did I went from 1 (in CA) to 3 (in TX).The day I got the finalized contract for the sale (and had great confidence of it going through-there was a separate payment to me that would be forfeited if they failed to close-but credited to purchase price) I revisited 8 properties in 2 days and started writing offers.I didn't see the "locked up" equity as a problem.
Bienes Raices
Hold the house off the market for applicants?
10 February 2010 | 2 replies
I would state in the "agreement to hold property" that they must sign a lease on 3/1 and pay the March rent in full or the deposit would be forfeited.
Erik Snipas
Nassau County, New York Property Owners - Tax Grievance Deadline
2 February 2022 | 0 replies
If a property is not filed on by the deadline this year, the property owner will forfeit any right to a refund for tax year 2023/24 and have to wait another entire year before being able to file.
Rich Cavanagh
Rookie landlord looking for advice from wise veteran!
7 July 2013 | 11 replies
They were in violation of the lease by smoking inside and are probably going to forfeit the entirety of their deposit.
Tyrone Smith
Tenants want out of lease for bigger house willing to pay
6 September 2015 | 16 replies
They offered to by the rental just 3 months ago and used their deposit for earnest money and walked out on deal so deposit is forfeited .
Braden Burnside
Renting Vs. Rent To Own
7 August 2017 | 3 replies
If late on rent or late to get a loan, all is forfeited.