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25 May 2014 | 22 replies
I've owned a multi-family in Somerville for five years.
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23 May 2014 | 3 replies
Buyer agrees to use best efforts to pay off existing loans that are in sellers name within five years of close of escrow.)Protection for the sellerBuyer will execute a quitclaim deed back to the seller, which is held in escrow unrecordedHow to protect the buyer in the chain of title and potential future creditors of the seller.For the buyers protection a lien of some percentage (I like to see at least 20%) of the purchase price in favor of the buyer executed by the seller will be recorded a "Sellers Performance Deed of Trust" The buyer will appear to be a juniors lender for public record purposes.The seller is protectedFor the sellers protection a reconveyance of said deed shall be executed by the buyer, which would be recorded in the event of a default upon request of the seller, which remains uncured for sixty (60) days upon written notice of default, has been mailed to the buyerThis would allow the management company to unilaterally remove buyers cloud on the title by using the pre-signed reconveyance if the default was not cured as outlined.You might be interested 1.
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23 May 2014 | 8 replies
In fact, this is a risky deal, a deal that's ultimate value will depend on what others do in the area over the next five years.
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23 May 2014 | 0 replies
We're going to go for sale by owner coupled with an MLS listing since there are four or five other houses for sale in the neighborhood which require driving past us to get to, and we'll be about the second lowest list price by about $40K+ (same build timeframe, no issues, just different specifics).We live in a "rural commuter subdivision", you might say, five minutes from the interstate, and though there are a decent amount of sales in our area, inventory isn't exactly flying off the shelf.
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25 May 2014 | 9 replies
Mailing a post card is a BAD idea.
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13 October 2014 | 21 replies
@Craig ShuteIMO, I wouldn't do a deal where I have to borrow money from a credit card.
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23 July 2014 | 11 replies
Just talk to them like you would any new person you meet and ask if they have a card.
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26 May 2014 | 2 replies
And yes, you can sell it for any price you want, because you own it, even if for only five minutes.