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20 October 2015 | 12 replies
Most private owners are not going to want to take the risk of financing because the foreclosure process is oftentimes more complex and longer than the eviction process and most do not even want to deal with being a landlord which is why they are selling.That being said, some people are naive enough to take whatever offer comes to them if they have been waiting around long enough and the person making the offer attempts to document why they would make a great person to finance to.I would probably also offer to pay interest (5-10% fixed) and show documentation of work history, rental history, taxes, a handwritten personal letter of interest and motivation for wanting to purchase the house and anything else.
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20 January 2015 | 8 replies
Ideally, you'll want to negotiate all the salient terms of an agreement via informal communication and letters of intent, then bring your attorney in to draft the documentation.
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29 August 2014 | 4 replies
Learn about the transfer and lending documents, sales documentation, deal structuring, everything that you can.
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30 August 2014 | 7 replies
., relying upon a document that appears to pass title or some interest) or a claim of right (squatter).Easements can be formed by act of law, claim or affirmative or involuntary transfer and may be the area of law that merits further study, in this case.I've been involved in each and every one of these type cases, and each from both sides.
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29 August 2014 | 5 replies
Documentation and enforcement are key to this issue.
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1 September 2014 | 18 replies
You can do it the way you're saying, but you just need everything in writing and limit the possibility of getting screwed out of the deal by recording your documents in public records.
6 September 2014 | 7 replies
I believe they are worried that the tenants that owed were trying to get the service switched to a new name of a friend or kid (So they can start ruining their credit as minors) so they don't have to pay the previous bill.I sent over about 50 pages of documentation to verify ownership and the new tenancy (This property has a multi layer entity structure ownership which is why there was so much paperwork) but once they got enough info to believe they are new users it wasn't an issue.
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6 September 2014 | 12 replies
If you both put up 50% of the money, you're in it together to win it together.There has to be trust, but you can and should hire an attorney to draft up legal documents if you're going to form a partnership.
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30 August 2014 | 19 replies
You assignment fee is likely o be on the back of the HUD-1 (that's the settlement document) under the buyers side of expenses so they don't tend to even notice it.
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30 August 2014 | 5 replies
Since it seems that we have had to follow up on everything (a good habit, we think), including the finalized HUD, what other important documents, etc. should we make sure that we have on hand?