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27 March 2013 | 15 replies
Another distressed situation is clouds on title, where good title can not be given.
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15 April 2013 | 10 replies
Bill Gulley "like take it off the market with an option, and cloud the title, man!"
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25 February 2015 | 0 replies
Do contracts have to be notarized to be legally binding, to gain equitable rights, to cloud title, to wholesale a deal, before bringing to escrow?
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18 May 2017 | 8 replies
I have seen a bunch of other people talking about using lease options and sub-2 to accomplish the same goal but I am not really interested in pre-screening tenant buyers and staying on top of the tenant buyer for the length of the option until the eventual purchase of the property.This couple teaches to file your option with the courthouse once you have a contract signed so that it "clouds" the title.
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3 May 2015 | 42 replies
Sorry that was 3 questions.Thanks in advance Seller Side: First, do a lease and an option, market rent, FMV based on comps, $100 for option, record the option, cloud the title, and have an option release fee paid by the tenant buyer (3%).Tenant Buyer Agent Marketing: Offer 1 months rent for finding a tenant buyer.
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6 April 2015 | 6 replies
You pay $60k for a duplex with $1100 rent/ month = 1.8% rent/price ratio.For $70k you could get 2 SFH ($35k each) for $700 rent each ($1400 total) = 2% rent/price ratio.Now even if you were more conservative with the rent and said $625 each ($1250 total) with 70k purchase price total for both properties = 1.8%My point is don't let the cash flow cloud the bigger picture.
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1 April 2015 | 19 replies
Yet, when you get into different stages, like when the inevitable cloud of dust is constantly coating everything you own, including the bedsheets you sleep on that you just washed the night before (for the fourth time in 2 weeks because its so damn dusty in there!)
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21 June 2014 | 16 replies
With all that said, the title is usually still clouded so most likely you will get it transferred via quit claim.
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6 July 2014 | 18 replies
If your buyer can't refi because the sale price was in the clouds, that comes back on you!
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12 October 2015 | 10 replies
If it was a 5 year note and 10 years have passed then a quiet title or even a lawsuit for damages due to having a clouded title.