Terry Sargent
Seller‘s Deed Not Properly Transferred
Hello,
I have a lead on an Indiana property that is well-under market value. However, I’ve run into an issue regarding the deed. To add context, here is the situation:
The seller was gifted the property in question,...
Sam Epperson
What are the next steps after creating a seller finance note?
let's say I come to an agreement with the seller for them to finance some of the deal. let's also pretend the seller owns it with no debt, and we agree to 5% down, 5% rate, and 10 year balloon. how are we drafting thi...
Mark Hamilton
Trustee Rescinding Sale - California
The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
Pat Lowry
Note Due Diligence Checklist
I am currently looking at various opportunities to invest in notes. As a newbie, I don't have a standard due diligence list to send as part of providing offers. Here is what I would think to ask for:
Copy of note a...
Jay Koch
Owner Financing Myth Buster:How to Sell a Property by Wrapping the Existing Mortgage
I have been spending a lot of time reading blogs about owner financing of real estate transactions, and there seems to be myth out there that you can not do owner financing if the property is not free and clear. I’m...
Jaxi West
Promissory Note or Deed of Trust - which is better to sign?
Hi
Investing with a guy who needs the money to rehab a house. Not a super large amount.
Deed of Trust ties me to the house/title. I am a silent owner until the work is done and we file with the title compan...
Joshua Andrews
Help Creating a NOTE
I am in the process of loaning my brother money in regards to a partnership between us to purchase rental property. I would like to have a NOTE in place at the minimum APR just so we have something on file should I wa...
Queen Keoka
NPN BK13: Seller missing original Security Deed GA??
I am very skeptical about this NPN in BK13. First off it was originated in 2006 and assigned from MERS as the nominee. I see evidence tht note was sold in pool during the time of mortgage back securities. Secondly sel...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Mark Senecal
Turnkey Property in a Self Directed IRA
Hey BiggerPockets,I have retirement money in a few places but they are mostly stock based. Lately stocks have not been performing that well. In an effort to diversify I would like to invest in real estate. Turnkey ...