
27 May 2020 | 1 reply
If you're assigning the contract all parties are privy to the settlement statement.

26 April 2020 | 11 replies
We have seen settlement and loan cost not accounted for rentals and depreciated.It is with real estate business in mind, record it.

26 April 2020 | 4 replies
We have come to a disagreement and have a settlement agreement written out where we release our rights to the lease option in exchange as payment for the note.

12 June 2020 | 3 replies
The e-recording platform I use is only licensed for use by attorneys and settlement agents so unfortunately, even if I were to share their info, you would likely be unable to use the platform.

12 June 2020 | 2 replies
It's that last agreement you're specifically asking about, but you'll want to understand all three before you move forward, because they are interrelated.There are plenty of ways for you to get your fair share, but the best is to have it paid right off the settlement statement (formerly known as the HUD-1) by the closing attorney.My best advice: Assuming your JV partner has worked with other investors before you on similar deals, talk to some of those folks to find out what they did and whether they had any issues getting paid.

23 September 2022 | 19 replies
I've been a real estate investor for 20 years and I can tell you it's happened to me 3 three times where I was sitting in settlement and it turned out that the person attempting to sell me the house was not the owner. 2 times were outright fraud, and one time was a gentleman who had been scammed and was selling property he "bought" years ago.In 2 of those cases I tracked down the original owners and went through legal channels to have the ownership reverted.When I say Philadelphia is unique.

17 June 2020 | 3 replies
The loan specifies: ESTIMATED SETTLEMENT CHARGES, ESTIMATED DETAILS OF TRANSACTION, ESTIMATED PREPAID ESCROWS, and ESTIMATED SCHEDULED PAYMENT.

20 June 2020 | 7 replies
If you funded it through a mortgage, your friend would basically give the $100,000 to the settlement agent.

1 July 2020 | 35 replies
Better to negotiate for a mutually beneficial settlement.