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9 March 2015 | 7 replies
The contract shall contain at least the following provisions:(1) The full names and then current mailing addresses of all the parties to the contract; (2) The date when the contract was signed by each party; (3) A legal description of the property conveyed; (4) The contract price of the property conveyed; (5) Any charges or fees for services that are includable in the contract separate from the contract price; (6) The amount of the vendee's down payment; (7) The principal balance owed, which is the sum of the items specified in divisions (A)(4) and (5) of this section less the item specified in division (A)(6) of this section; (8) The amount and due date of each installment payment; (9) The interest rate on the unpaid balance and the method of computing the rate; (10) A statement of any encumbrances against the property conveyed; (11) A statement requiring the vendor to deliver a general warranty deed on completion of the contract, or another deed that is available when the vendor is legally unable to deliver a general warranty deed; (12) A provision that the vendor provide evidence of title in accordance with the prevailing custom in the area in which the property is located; (13) A provision that, if the vendor defaults on any mortgage on the property, the vendee can pay on that mortgage and receive credit on the land installment contract; (14) A provision that the vendor shall cause a copy of the contract to be recorded; (15) A requirement that the vendee be responsible for the payment of taxes, assessments, and other charges against the property from the date of the contract, unless agreed to the contrary; (16) A statement of any pending order of any public agency against the property.
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17 March 2015 | 5 replies
My double on Fairview is delivering gross rents of $1500/month.
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17 March 2015 | 6 replies
Require those documents be delivered in the option period.
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16 April 2015 | 6 replies
Once you get comfortable with a short list of providers, do the homework with BBB, client references, etc. to verify that they can deliver on what they promise.
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23 March 2015 | 1 reply
I feel you guys know where I come from when I say I want to do what I want when I want and achieve that through real estate.Anyways, I'm 20 years old, good amount saved up (that I won't use) and looking to dive into this real estate investing lifestyle.I've been making offers and atleast sounding good on how it comes out and how I deliver it - but I would still appreciate a step by step list onFirst you should___Then___If this doesn't work then do this ____I want to beat Anyone's offer and make the seller come to me.Any tips for acquiring the seller and to make a killing in this business would be great.
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31 August 2015 | 46 replies
At time of closing, escrow will deliver the closing docs to the title company for recordation at the bureau.
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5 April 2015 | 12 replies
I like letters and postcards and believe you should do both to mix up your medium and how your message is delivered!
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1 April 2015 | 9 replies
You have impress your loan originator by delivering them the best loan package.
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1 April 2015 | 1 reply
Of course this is all good if the more expensive GC can deliver a quicker and still a quality job.
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1 April 2015 | 3 replies
Will the purchase contract from a bank say "delivering clear and marketable title, free of liens or encumbrances" , and if so, then why would I need to pay the cost and time of a title search on a bank owned property?