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17 December 2013 | 3 replies
So from going back and reading my own post, it sounds as if I was looking for a reliable partner.
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14 June 2015 | 38 replies
@Pavel Sakurets I'm a wholesaler in Dallas and have done both double closings (buy and sell on the same day) and assignments (transfer the contract to my buyer for a fee in lieu of closing).
2 April 2014 | 4 replies
Can anyone recommend a reasonable/reliable handyman in Charlotte/Matthews area in NC?
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19 December 2013 | 2 replies
even though the owner is probably out of the picture, the wholesaler maintains that properties purchased via sheriff sale will be transferred with a clean title to the new owner, but it might take some time after the close?
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16 December 2013 | 8 replies
You write a new lease and transfer the deposit from the old one to the new one as-is.
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17 December 2013 | 7 replies
Plus people structure their businesses in different ways.Saying that, Ideally you'd have an LLC or Land Trust to purchase the property with so your personal name isn't on title, then your lender wires the money to close and the closing attorney files a security deed on their behalf so they have to get paid in order to transfer the title.
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17 December 2013 | 0 replies
Which deed is best and are there any issues with transferring title that may still present problems with creditors in the near future?
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2 January 2014 | 18 replies
(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public record Existing loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.
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18 December 2013 | 2 replies
I will say this $140k sounds like a lot but when you consider that they are 6 unit buildings that comes down to about $23k per unit which does sound pretty reasonable, but again this is in no way a reliable quote coming from me.