I know for a fact much of those are no longer standing!

I have a loan where a private party financed a deal, but they dont know how to file a Deed of Reconveyance.

It works best when doing transactions with other people who have a smart phone so you can email the reciept to them while they are standing there and they can get it before leaving.

Because if they come out, I have to hire a crew to stand-by or move out stuff.

Best $40-$50 bucks you can spend. 3d party reports give you leverage.

There are 3rd party loan administration companies that will also "professionalize" the loan transaction, and give the lender more peace of mind.Many advise, for the security of the lender, that you execute a couple of additional documents: (1) document permitting the lender to deed the property to themselves if you are more than xx days late on the payment (often 30 days), and (2) an assignment of rents, allowing the lender to intercede with the tenants and begin collecting the rent directly if you are more than xx days late on the payment (again, 30 days is common).

What I have a problem with is people representing something they are not in the deal and misleading all the parties involved.

I can see it now...the tenant posts pictures of that wild party...ya know... the one that put those holes in the walls and busted out the patio door.I would be ok with email, but only in the form of reporting issues, not for spreading the latest virus alert and joke of the day.

This is a process most commonly between competing brokers on behalf of their agents discussing issues such as what there a coop fee, who showed the home and when, were there any signs of abandonment or estrangement by either parties and a multitude of other factors that only a fair impartial hearing panel would be used to determine if the rules set out by the Nat' Assoc. of Realtors are properly followed.Close the transaction, get your home sold, and thrreated to sue any Realtors for totious interference if any of them threated to hold up the sale unless you pay them a fee over and above what you have already agreed to in writing.

Its not like what the movies portray, drug dealers and criminals are not very smart for the most part (I said most because there are some!)