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22 July 2011 | 4 replies
Dodd Frank Act) that will make things more difficult for seller financing deals by including language in the amendment that may restrict the use of "seller notes and mortgages".Realtors, investors, homeowners that desire to sell a home via seller created mortgages should read what's going on with this Dodd Frank Act.It seems very concerning.
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22 July 2011 | 5 replies
For you seasoned landlords and PMs, I was wondering your thoughts on this language in a PM contract, related to funds handling.
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3 August 2011 | 8 replies
If I take title by means of a Grant Deed or Warranty Deed, I want to include language to the effect that “the Grantee is taking title SUBJECT TO any liens, encumbrances, encroachments, covenants, easements, and restrictions of records.”2.
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13 September 2011 | 20 replies
It is not an inspirational book like some of the others, but just explains the whys and hows, etc. in plain language written for someone who can read at the collegiate level.
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4 August 2011 | 1 reply
I think it's best to give them your offer, then shut-up and watch their body language.
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17 August 2011 | 5 replies
My understanding is that in Ohio, there is certain language that must be present.
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10 August 2011 | 6 replies
With FSBO, you can usually negotiate or simply include that language into the contract without the homeowner even knowing what it is.
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16 August 2011 | 46 replies
Otherwise, they're in default and you can at least keep their earnest money.A big determining factor will be whether it's an FHA loan and whether you signed the standard FHA addendum to the contract.In my state, the standard FHA addendum used to say that the seller had the option to lower the price to appraised value (giving the seller the leverage to make the decision), but the 2011 version of the form gives the buyer to back out if an agreement can't be negotiated (giving the leverage to the buyer).I'm not sure if the language in that addendum is uniform across all states or not, but if this is an FHA loan, you'll probably want to read the FHA addendum you signed (assuming you signed one).
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3 January 2009 | 8 replies
This could be the second time in 4 years university of utah goes undefted!
2 December 2008 | 46 replies
I would like to see, in clear detailed language, with dollar figures, how the purchase-auction-sale of a typical flip works.