Kevin S.
Abandonment. What to do?
25 July 2024 | 24 replies
In a case like this often the brokerage/agents get a cut of that EMD that you would typically forfeit.
Alan Johnson
When Are Assignment Fees Paid?
25 July 2024 | 10 replies
The investor fails to close and you cannot find another buyer in time, so you cancel the contract with the property owner and forfeit the EMD of $500.But you've essentially made $9,500 for breaching the contract!
Kristen Haynes
National Real Estate Trends- as of July 19th
19 July 2024 | 0 replies
As part of the Biden/Harris plan to boost housing affordability, the White House is proposing a 5% maximum annual rental rate increase for corporate landlords (or forfeit federal tax breaks).Single-family rents rise faster.
Sara Wylder
Foreclosure Auction Scenarios
19 July 2024 | 6 replies
If you fail to show up with the $95,000, you forfeit your $5,000 bid and the property would be auctioned off again.So your bidding money is at risk until you pay the balance.After you win the bid, there is a 10 day redemption period in Florida where the owner can more or less "claw back" the property by paying all the money that is owed to the lender that is foreclosing.
Dale E.
Can you sell a property by owner finance with a mortgage?
17 July 2024 | 1 reply
That money goes towards the purchase if made, or is forfeited if no purchase takes place.
Elena Dubinski
Tax Lien Wealth Builders
15 July 2024 | 50 replies
Tax Sale, Forfeited Land Commission BidThe tax sale is conducted as a public auction.
Stuart Udis
Attention New Investors - Asset Protection Simplified
15 July 2024 | 26 replies
Sure, but they are the minority and those who fall under this category will find a way to name the individual as a co-defendant irrespective of whether there is merit or a separate management LLC.
Amy Lin
Seller refused to vacate the property after closing and leaseback period
11 July 2024 | 5 replies
Anyway, as of today she forfeited her 5k deposit because she refused to close on her new property and the leaseback period has officially expired.
Gabriel Z.
Questions about my Subject-To scenario
5 July 2024 | 8 replies
I remember a specific legal case which required the investor/buyer to pay back a homeowner $100k's in their lost equity, as well as forfeit all the monies the investor put into the house repairing it etc., and their was probably additional restitution they had to pay as well.
Mark Svendsen
How do I know if I shoud accept an offer or relist?
24 June 2024 | 2 replies
The earnest deposit of 40% from the accepted offer is a significant indicator of buyer commitment, but it may be forfeited if the deal falls through due to relisting.While the second highest offer of $2.855M is attractive and already under contract with a substantial earnest deposit, the decision to relist for potentially more (up to $3.15M) involves weighing the risks and rewards carefully.