Andrew Jacobson
Wire earnest money before contract is executed
I had an offer "accepted." It is an REO that went into multiple offers and they have accepted my offer. The listing agent asked me to sign their contract documents, which is fine. They have asked me to submit the c...
Francisco Sanchez
Title Company mis-sent funds to wrong person 😳
My title company in NWI has two files of mine and mistakenly sent two draws to the wrong person. The person they sent the money to already spent it and says they will pay it back but keeps missing the deadline. The ti...
Ryan Pearlman
Need help with an investor and a cash purchase
If someone lends me $300,000 to purchase a property in cash, is it as simple as them just sending me the cash and me sending it back when the loan from the bank comes in ?In this specific deal, someone was going to s...
Autumn Alexander
Is this lender scamming me?
So it's my first time getting a loan of any kind. And I want to make sure no one is trying to take advantage of me or scam me. I met a private lender on LinkedIn. We exchanged drivers license and he shared his Article...
Griffin Pratt
ARM loan smart for investment prop in todays economic climate?
I'm a St. Pete based RE agent looking at purchasing rental property in the area. I'm having trouble making the numbers work due to the surge in home values following the pandemic paired with higher interest rates is m...
Edward R.
Private Money Lender
Has anyone worked with Robert And Pamela Smith Investment Limited PartnershipA Federally Recognized Native American Entity before?
Elaine Griffin
Help - Our Inherited Note is going to Sheriff Sale - what happens?
A few years ago we inherited some rentals & a few notes. One of the notes was in the foreclosure process. It is now scheduled to go to sheriff sale in a couple of weeks. The balance owed is around $100,000. We wan...
Jason Patterson
Delinquent taxes - homeowner just wants out
I've talked to a homeowner who inherited a home from her mother, hasn't paid taxes since 2008, and doesn't want anything to do with property - no profit from sale at all, just wants out. Per the tax lawyer the taxes a...
Nat C.
Title company won't give my $20,000 EMD back
I had a property under contract in August 2014. After doing inspections, I realized the scope of repairs was too great so I decided not to proceed. The selling agent told me it was no problems and sent me the cancella...
Andrew Duna
The Actual Steps When Purchasing a Property
Hi BP I wanted to make this post in hopes of helping people understand the nitty gritty little details involved in the transaction of a property.
I did a preliminary search to see if there was a post like this but m...