Dave Grosse
newbie Q's I'm probably asking too late
12 February 2010 | 19 replies
In Missouri, a notary may not provide an acknowledgment of deeds in blank.
Sharon Vornholt
Probate Leads
3 November 2017 | 141 replies
Gee Mark, I voted for you because you provided a useful link the the prior poster didn't even have the courtesy or gratitude.to acknowledge.
Larry Lee
Contracts im using for Wholesaling
4 May 2018 | 73 replies
REHABBER ____________ (hereinafter referred to as "Assignee").WHEREAS, Assignor has entered into a certain Real Estate Purchase and Sale Agreement with SALLY SELLER____ as "Seller" and Assignor as "Buyer" which Agreement was executed on JUNE 25, 2008___, by said Assignor and said Seller for the purchase and sale of certain real property being, lying and situate in SHELBY__ County, in the state of TENNESSEE__, and more particularly described in said Agreement, copy of said Agreement being attached hereto as Exhibit "A"; and,WHEREAS, Assignor desires to assign, transfer, sell and convey to Assignee all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement; and,WHEREAS, Assignee is desirous of receiving all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement;NOW, THEREFORE, for and in consideration of the sum of TEN THOUSAND DOLLARS ($10,000)_ and other good and valuable considerations, the sufficiency of which is hereby acknowledged, Assignor has assigned, transferred, sold and conveyed and by these presentsdoes hereby assign, transfer, sell and convey unto Assignee all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement.Assignor agrees to receive and Assignee agrees to pay in full said assignment consideration on or before the closing date of said Real Estate Purchase and Sale Agreement.
Account Closed
Is BP just for guys?
13 October 2018 | 56 replies
Not only was her point very well written, it was also acknowledged by the person it was directed to, and he corrected his mistake.
Michael Quarles
Just say Yes
2 February 2012 | 20 replies
Am I the only one who likes hearing someone acknowledge another with "Yes Sir or Yes Ma'am"?
Bob Olah
What is the legal way to buying and holding owner financed property with a mortgage
18 March 2012 | 58 replies
I strongly believe this will be the case in about 3 years or so.Nobody has a crystal ball but I see many banks cutting through the crud on their books whether that be residential,construction,or commercial loans for some time to come.Only when that is taken care of will most banks look to owner financed and calling the note to re lend at higher rates.It will also depend on what the borrowing costs will be to the banks at that time from the Federal reserve.If the spread is large on calling the loan I can see it but not for marginal gains.My thing is if I am buying a property that is value add and putting considerable money in to turning it around I WANT THE DEED.If I can pick up an income stream without the deed with no recourse to me then if it goes south I haven't lost all this money in the deal.Morality,ethics,etc. is open to many views and if a buyer is trying to limit risk exposure to their cash I don't fault them for it.As long as everything is disclosed upfront and both parties have acknowledged what the transaction is and is not.
Joshua Dorkin
Updating the BiggerPockets Influence System
16 May 2012 | 190 replies
For me, votes are the highest form of acknowledgement and affirmation to be had here on this forum, short of a written compliment.
Ayo F.
Anti-Flip Clause
16 January 2013 | 84 replies
I think everyone here is acknowledging that you do not want to flip without disclosing that you are an investor intending to resell for a profit, and that flipping during a required bank holding period is foolish if it is part of the short sale approval or affidavit.
Nelly R.
Why is getting started so hard?!?
30 June 2023 | 142 replies
But no, you are not tied to them and don't need to sign anything other than intermediary agreement which just acknowledges you know the broker is representing both sides.
Emma Kellenberger
Subject To HELP & INFO
30 January 2019 | 7 replies
If balances are higher then shown, then Seller’s proceeds will be reduced accordingly.II.IF CHECKED SUBJECT TO/DUE-ON-SALE ACKNOWLEDGEMENT APPLIES: Buyer have entered in to a certain Purchase and Sales Agreement date herewith, the parties fully understand, acknowledge and agree as follows: 1.Seller and Buyer are fully aware that the Mortgage(s)/Deeds of Trust securing the property Described in Section I contain(s) provisions prohibiting the transfer of any interest in the property without satisfying the principal balance remaining on the underlying Loan(s) and/or obtaining the Lender’s prior written consent (i.e., a “Due-on-Sale” Clause), and that this transaction may violate said Mortgage(s). 2.Seller specifically understands that the Loan Payment(s) will be paid on a monthly basis by Buyer, and that the Loan(s) will NOT be assumed or paid off completely at Closing, and that the Loan(s) and Loan Payments will remain in Seller’s name and may continue to appear on Seller’s credit report. 3.Seller and Buyer execute this disclosure form after having had the opportunity to seek legal counsel as to the legal and financial implications of the Due-on-Sale Clause included in the Mortgage(s)/Deed(s) of Trust.