But, I have to go to bed, I hope I showed you what I was trying to explain to Trevor.

She asked how much I wanted for the house and I explained the situation and told her I wanted the payoff amount of $69,900.Later that day, she called back and said the people loved the house and wanted to buy it.

@Matt- Would you mind explaining why it wouldn't matter what is owed on the house?

A lender needs to explain both options clearly and allow the borrower to decide and to make an offer to give the deed in lieu.

Even if you could do it faster and it's easier to do it yourself than to take the time to find someone an to explain and coordinate the work.

First of all earnest money is not a legal requirement and if an agent took blowing my offers off without presenting them without written instructions from the seller to do that, they would find themselves at the real estate commissioners office explaining their failure to present.

special financing can be valued in an option if there is a right to assume it, it doesn't increase the property value (and I'm not explaining that again, so please, no remarks, it's been beat to death here).What you are selling in an option is the right to purchase at a valuation today.

that's awesome mark, can you explain in a nutshell to me how a real estate license saved $70,000?

I don't know your age, but if you pump your Roth 401K up, you can establish a 72t distribution that allows you to enjoy that tax free money without penalties before age 59 1/2.There are many threads that explain all the advantages of 401Ks vs.

The other day he tried to call her to give her a chance to rectify before posting the quit notice, and she responded to him with a nasty voicemail (he played it for me) explaining that the house will be returned in perfect condition next week, to take her security deposit to cover January, and not to harass her any further.