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17 September 2019 | 7 replies
Anyone else faced with this and found a resolution?
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2 January 2020 | 4 replies
Seller wants to provide everything caveat emptor “Purchaser beware”Purchaser wants as much assurances prior to closing, certain Seller reps and warranties will survive, but typically hard to enforce post-closingPossible solutions include escrow account for highly volatile circumstancesThe parties involved SellerSeller’s Agents i.e. managers, engineers, leasingPurchaserPurchaser’s Agents i.e. engineers, surveyors,Seller BrokerPurchaser’s BrokerSeller’s AttorneyPurchaser’s AttorneyTitle CompanyEscrow AgentLenderWho does whatSeller is responsible for approving the submitted documents from Purchaser in a reasonable timeframe, but typically not a contractual dutyPurchaser typically proposes LOI, PSA for initial term discussionBrokers are responsible for conveying information and negotiating their client’s position based on market comparablesAttorneys negotiate detailed terms within written agreementsIn some cases, can act as a party’s broker if a deal is unrepresented by a commercial brokerTitle company provides title insurance subject to listed exceptionsCan also act as escrow agent to hold Earnest Money and Purchase MoneyIn the event of a dispute, title is often very neutral and requires both parties to sign a release consenting to liquidated damagesLender will engage in some due diligence on the value of the assetMay require changes to loan terms based on documents discovered during escrow period
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3 June 2021 | 6 replies
I suppose the value in the calculator is to see if a deal is remotely close to reaching the hurdles; if it is, then one can dig deeper to provide more resolution on the assumptions.
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9 September 2019 | 2 replies
Good afternoon promember I really need your help settling this disputes that me and another investor are having in regard to a property we just purchase from Auction..com.BackstoryWe purchased the house for a total of 86k.
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3 February 2020 | 3 replies
Your job is not to play judge and jury and settle disputes between people.
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14 January 2020 | 6 replies
No self help please.https://abcnews.go.com/US/elderly-landlord-dead-violently-pushed-stairs-dispute-tenant/story?
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31 December 2022 | 11 replies
Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.
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7 January 2020 | 2 replies
The system has a limit on the file size/resolution of profile photos.
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4 November 2019 | 17 replies
In my opinion, they’re some of the most dishonest people in the Memphis market, we’re currently involved in a civil dispute with them for fraudulent actions/activity.
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31 October 2019 | 4 replies
The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes and weak global growth.The federal funds rate, which affects the cost of mortgages, credit cards and other borrowing, will now hover between 1.5% and 1.75%.Hello BP Members, So I am a taking classes for my REA license and a current college grad.