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Assignment of contracts/ How can I get my fee @ closing?
Is there anyway to assign contracts for a foreclosure? I have contacted some Reo departments and they stated that they do not do assignment of contracts. Does anyone know how I can get my fee out at closing, when de...
Bob Malecki
Seller's last assignment on 1st position note not recorded?
I'm working with a seller on FCI Exchange who has not recorded his assignment and says: "We don't record our position until it is under contract. FCI can record our assignment at time of close." This does not seem ...
Ray Slack
Legal Question on CONDO L.C.E and foreclosure
I purchased a condo in Florida at foreclosure that had a Limited common element parking space. The owner that was foreclosured refused to allow me to use the space as he owned another unit in the building and was us...
Octavia D.
Is it ok to have the seller sign the "assignment agreement addendum" I will have with the end buyer?
Is it ok to have the seller sign the "assignment agreement addendum" I will have with the end buyer?_______________Knowing many have wholesaled deals with the seller finding out about their profit from the Hud-1 settl...
Federico Curiel
Found a property now what?
I've been doing the "Drive for Dollars" and realized that I wouldn't know what to do if I did find a motivated seller. If I have someone who agrees to sell what's next? Are real estate agents involved or are there for...
Quincy Baker
About Using Trusts etc.
I’m trying to determine the best and simplest way to disposition properties when wholesaling while maintaining anonymity and keeping my wholesale feel undisclosed when using an assignment. I am set up as an LLC. I und...
Jonathan Wildy
Profit and loss statements individual or group properties ?
When you are doing your profit and loss do you do all individual properties and the group as a whole? I have all my single families in one llc. I’m hoping that at some time I’m able to leverage this or sell and 1031...
Mike Schorah
If wholesaling is bad in Illinois, why are there RE attorneys that say…
If wholesaling is really bad in Illinois, why are there real estate attorneys in Illinois that say “Yes. We do assignments of contract.”?If you don’t believe me, then call them up and find out for yourself. ;)
I...
Billy Bell
Possible to switch Title Companies mid-escrow?
Hello BP Community!I have a property under contract, have a cash buyer motivated, ready to go who already signed the agreement to assign, but my titile people have not been doing their job. They havn't even contacted ...
Samir Abrahani
Need help on Rent to Own Deal!
Hi BP community!I need some guidance on how to get this rent to own deal going. I have a property in Tampa and I have found some tenants that are interested in doing a rent to own lease. Do I need to hire a RE attorne...