1 June 2024 | 4 replies
Best to give them formal notice.
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1 June 2024 | 7 replies
Important to note that you don't have to go under contract or even make an offer in that time; you just need to formally list a few properties that you would consider buying in your 1031.
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4 June 2024 | 42 replies
Unfortunately, it appears that your contact details might have changed, impeding our attempts to reconnect.Regarding the course foundation, while formal MLS access is traditionally acquired by a licensed Realtor, it’s essential to note that there are diverse pathways available to gain access, ensuring that your ability to close deals isn’t solely dependent on it.
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5 June 2024 | 274 replies
Since California is arguably the most judicially bound foreclosure state in the nation it makes sense that any departures of current HUD policies would originate in Cali.Greg - ever seen this situation before?
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30 May 2024 | 5 replies
It may require a formal court petition.There are most likely heirs, you just didn't go deep enough with ancestry to determine who they are.
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30 May 2024 | 10 replies
After 2 months we send them to a formal collections company to attempt to collect.
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29 May 2024 | 3 replies
For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.
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30 May 2024 | 31 replies
I'm not trying to rain on anybody's parade, but anyone who follows advice that is that general in nature and tries to do one of these, by advice from a post on a forum, is sure to find themselves discussing the deal with a nasty attorney on the other side of the transaction and in a very formal setting called a court room.I can not tell someone that you can climb into a piper airplane, put the key in the ignition and hit the gas and you will be flying.
29 May 2024 | 15 replies
We had an advantage because not many people that we found had an actual formal credit background.
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28 May 2024 | 6 replies
While this is limited to non judicial foreclosures, its still a concern.