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Results (976)
Peyton Lawler Can I put this property under contract?
23 June 2017 | 1 reply
First, getting a property under contract with no actual intention to close is "fraud in the inducement".Second, in every state I know of, you cannot legally market a property that you don't own unless you have a real estate license.With that out of the way, let's assume that you do close on the property.You'll be faced with evicting the tenant.  
David E. Are foreclosures sold at top or reduced prices?
23 June 2017 | 4 replies
A lot of online auctions are crack-induced fantasies.
Kimberly Douglas Wholesale deal, multiple offers
26 June 2017 | 1 reply
If no money has changed hands, you should still be able to withdraw your offer.Of course like most wholesalers who don't double-close, you could be charged with "fraud in the inducement" by entering into contracts that you did not have both the intent and the means to fulfill.And if you are trying to flip the contract (as opposed to a double close), you could also be charged with practicing real estate without a license.I'm not an attorney, but at this point, you need one.
David Martinez Newbie from Worcester MA
26 June 2017 | 10 replies
If you get into flipping contracts (property you don't own) in MA without a real estate license and also working under a licensed broker, you're exposing yourself to a charge of practicing real estate without a license as well as a potential lawsuit for "fraud in the inducement" if you enter into a contract without both the intent and ability to close.Also, be sure to study up on MA landlord/tenant laws. 
Jim Smith Losing sleep over rehab
13 April 2017 | 2 replies
First attempt, got in touch with a guy who ended up forging his plumbers license and plumbing permits to make it seem like he pulled them to induce me to pay him which I did.  
Jason Truesdale Return on Investments in your area?
22 April 2017 | 14 replies
If someone uses an ROI-based valuation to induce/convince/persuade a cash-buyer (at their uneducated peril) to unknowingly pay 120% of fair market value then I think they're going to have an exit strategy problem.  
Victor Medina First time investor from Long Beach, CA.
26 June 2017 | 12 replies
Investing out of state has definitely been inducing some analysis paralysis....A little bit more about myself I graduated with my masters/bachelors in mechanical engineering and am now working to getting a certificate in python programming.
Aaron Phillips Got property under a contract, but now i'm worried.
3 July 2017 | 107 replies
FRAUD BY INDUCEMENT is making promises with no ability nor intention to close.
Paul Tibok Wholesaling a house with a conventional or FHA approval letter
18 June 2017 | 2 replies
No, it is not legal, unless you actually take possession and then sell it - a double-closing.First, if you enter into a contract with no means or actual intent to close, you can be sued for Fraud in the Inducement.  
Dale Radcliff I'm 23 and new to real estate, what's your best advice?
26 July 2017 | 13 replies
Entering into contracts with no ability nor intention to close is called FRAUD BY INDUCEMENT and can result in YOU being sued.