21 August 2014 | 11 replies
In my case, I acquired these assets in my name, got the financing with my signature, and executed a quitclaim deed conveying title after the fact from me to my LLC.
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9 October 2014 | 20 replies
This is the I believe what John was trying to convey to you and you probably have not thought through the what if's for the seller.From What Wayne Brooks has mentioned a Sub too default in Florida can be a feloney and I think all states should have that law.. there is far to many newbie rookies etc that get into this and totally foul up the poor seller.. this is not only about you the investor trying to leverage into a deal its about a seller being able to sleep at night knowing who they deeded their home too has the credit capacity and character to follow through...
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2 September 2014 | 5 replies
I know there have been and always will be bidding wars for properties, this does not bother me, but having to register for an auction and bidding online for a property does not convey conventional wisdom for the MLS in my opinion.
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19 September 2014 | 9 replies
However the mortgages are in the deceased name therefore those probably have to be paid off in order to convey clean and clear title, Perhaps this is why the executrix is looking for $160k sales price from inheritor.???
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20 September 2014 | 4 replies
Then I saw it listed and I didn't think they could list until conveyed back to the bank.
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13 November 2013 | 30 replies
Someone else can be shown as an owner of record and that person can have other agreements to convey that interest upon certain events or upon demand.
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13 November 2013 | 3 replies
You can buy as you described.Since this is your father, you can use a quit-claim or a special warranty deed, but, you need to modify these standard deeds to reflect the interest conveyed.
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26 November 2013 | 12 replies
I have closed 30 houses without an issue and two weeks ago my title company missed a conveyance in the deed search.
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28 February 2014 | 15 replies
But doesn't look very good.Next, in January, you won't be able to collect the payments yourself, you'll need a servicer to collect them under new regulations, that is another federal matter.Next, and strike three, you have an agreement that circumvents foreclosure requirements, now since Texas doesn't allow installment sales, it won't be allowing an installment with any equity amount to require or exempt the foreclosure process, so again, you stepped on it.If you have made any arrangement to convey title after the financing, it's a purchase arrangement and they folks in that house are not tenants, regardless of what you would like to call them, they are buyers, with ownership rights.I'd honestly say you're screwed.
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17 December 2013 | 5 replies
I don't want my name on the deed or the mortgage until the divorce is finalized, but fraudulent conveyance and fraudulent transfer are worrisome.