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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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24 May 2014 | 6 replies
So I came across a possible deal with someone that is in pre-foreclosure.
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25 May 2014 | 2 replies
The more I think about it, the more I think I'd like to incorporate my interest in this area into a possible investment strategy.While I am flexible in my early goings as to what type of property I buy, putting chance of success in investing before fulfilling my interest in beautiful architecture, I've begun to thing of ways to incorporate both.
24 May 2014 | 3 replies
Pre-approved and ready to buy.Any recommendations are appreciated.Please PM with any info.Thanks,Luke
24 May 2014 | 12 replies
Do you have a pre-approval letter or some sort of proof of funds?
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24 May 2014 | 2 replies
It will most likely be a generic pre qual letter just like a conventional lender would issue you.
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25 May 2014 | 3 replies
I've been pre-approved for the asking price of the property ($24,900), and the mortgage banker at Quicken Loans has generated the documents based on that price.
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5 August 2014 | 27 replies
The earlier addition was probably pre 1998, since it does not show on the cities current permitting system.
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26 May 2014 | 4 replies
Using a pre hung door from HD is the cheapest solution materials wise.
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3 June 2014 | 25 replies
@William RobisonWish that I could, but I'm flying back from a wedding that day.