Ray Ochs
earnest money disposition- all contingencies removed
We used a California Residential Purchase Agreement RPA-CA revised (4/10) without a realtor to purchase a condo. We placed down a $30K earnest money deposit to escrow. We were informed by our loan agent that the loan ...
Angel Greer
Treehouse at rental property
We just purchased a rental property that has a very big treehouse in the backyard. It appears well built & sturdy. I know we need our lawyer to ultimately draft a contract for release of liability. Has anyone h...
Neil Hauger
Lost my earnest, lost the deal. Buyer walks away un-scathed!! :-(
Today I learned a hard lesson. I thought I had a deal done. All cash offer on full asking price. Purchase agreement was signed. Earnest money was to be deposited with my Broker. Instead, the buyers agent said, "i...
Duane Gunkler
New Construction - Builder overbudget and might not close in time
Hello BP Community,Have a question about my personal home. We are building a new home and did a construction to perm loan. We signed the contract last April and were originally supposed to be in by last fall. Here ...
Jordan F.
Commercial Portfolio Loan Recomendation/Questions
Hello! I own a handful of properties across CO, some 2-4 and some 4+, and most of the <4s have second mortgages already. Every bank I have spoken with told me I have too many financed properties for their limits or...
Bridget D.
Rented to Three Friends
Hi; Just starting out in renting properties in Delaware. I have a five year plan to quit my job! I just purchased my second property recently and remolded it and made the mistake of renting to three friends. The two...
Stanley H.
Seller wants a piece of the earnest money......
Guys I wanted your opinion on the situation I am facing currently. I was in contract on a duplex property on 7/9/2014. I had an inspection done on 7/18. In that inspection it came out that the duplex had common utilit...
Paul Amegatcher
This is how I buy zombie foreclosure properties.
Please contact a real estate attorney before purchasing a zombie foreclosure. This is a complex strategy that requires the right expertise.What is a zombie foreclosure?I would define it as a property that has been ab...
Kristine Cassar
Seller and Wholesaler Keeping Investor Earnest Money
Hi All,
I have a problem that hopefully this community can help me out on. My partners and I recently found a property through a wholesaler. We executed a LOI with this wholesaler with a 14 day option. We sent $10,00...
John Cobb
Are banks really holding on to inventory?
There is a lot of speculation whether or not banks are holding back a large inventory of repossessed properties in order to keep prices form tumbling even lower (is there? Isn't there? your thoughts please).
If this...