What happens if she claims the charges aren't hers and the bank refunds her the money? 

Someone may claim (unlawfully) the homeowner tax exemption and still rent the property.

(claiming she was the lady in the picture)And their facebook still looks like that (as shown above).Then I checked out your facebook page and....It either is a weird coincidence that the competitor I chose randomly has the same pics... or you are taking other peoples website pics? 

Purchaser will continue to pay rent, which does not count towards the purchase price (often higher than PITI).Taxes and Insurance are paid by the sellerRepairs and Maintenance are paid by the sellerSeller keeps the title until the option is exercised, so he gets to claim depreciation/interest expense deductions.Let me know if any of the above statement is not true. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

They claim to fund 100% of your deal up to 70% of the ARV. 

I'm never comfortable depending on insurance alone, as I know they are in the business of collecting premiums and denying claims.

OK Armen...EVERY SINGLE claim you made is completely wrong.Oh boy... you are giving me so much work.Let's go claim by claim.Seems to me that Facebook took your money and now you might be slightly upset... 

The unscrupulous investor will:Have the homeowner sign a Quit Claim Deed in which the homeowner signs over their ownership in the property.Fail to explain to the homeowner that they, the homeowner, are still responsible for the mortgage.Fail to warn the homeowner that they could be violating their “due on sale clause” with their lender.The homeowner is usually elderly or part of an at-risk population (English isn’t their first language, disability of some kind, etc.).The Division advises the following when it comes to these types of rescue transactions:Don’t sign any documents or a deed to anyone until you have had a chance to talk with your lender and an attorney about your mortgage obligations and your legal rights.Colorado has a Foreclosure Protection Act that affords you certain rights when you are financially distressed.It’s best to take proactive steps when you first start having financial problems, and here are some resources that you can contact:Colorado Housing Connects – Colorado Foreclosure Hotline – Colorado Bar Association “Find-a-Lawyer” – Colorado Legal Services – Disability Law Colorado (Formerly The Legal Center for People with Disabilities and Older People) –  Subscriber Services:Manage Subscriber Preferences | Help POWERED BY Privacy Policy