Hey BP,I'm encountering a lot of leads who have high equity in their homes but the current value is a lot lower than what they purchased it for, so they are reluctant to sell at a price that works for me (60-75% minus repairs of market value).My question is, is there a strategy out there to try to convert these leads to a deal or is this just the way of the land and a deal will come when proper motivation is present?

If you purchased owner's title insurance but did not get a copy of the title policy in the mail, the company you purchased it from will be stated on the HUD-1, and file a claim with them asap as I think the lender commitment documents stated they (and I) had a year to file if the closing wasn't done properly.

Yes, there are due on sale issues, if you get to that point, search here for the installment sales and Subject-to as well as Option transations and we can go from there.I suggest you get after it, one way or another, you need to sell and she wants to buy....why wait?

Those prices are likely high (unless there's something about Dallas I don't know)...In most areas, vinyl flooring can generally be bought in rolls at about $9-15 per square yard for decent stuff, and installed for $4-5 per square yard (about the same as carpet).

Once you decide on what you believe the value to be, you can submit this (best done with proper evidence such as appraisal by registered appraiser -preferably MAI or SRA) to the title company as a insurance claim.

Originally posted by Brian Burke:You can ask, but I suspect that you'll come up with little cooperation in that regard.I agree and going back to the point that you failed to properly perform your due diligence and run title, they will say it is your own fault.

They don't have the contracts to use, they don't understand the process, they don't know how much to accept as an option consideration, and They Definitely don't know how to properly qualify a tenant that will have the ability to purchase in the near future.

What they did is proper, paid off the old loan with the new one and a new dot.

This would benefit both you and the dealer as they could sell the home as a package already moved and installed in your park.

I was the person doing tile work laying carpets and install plumbing and doing some electrical work.