Terre Tulsiak
Buyer failed to perform
I signed a contract with buyer that stated closing date was Sep 14 or 30 days after tenants vacated WHICHEVER CAME FIRST. I notified him of tenants vacating on July 6 which he already knew because he had offered to pa...
Bryce Y.
How long does the buyer have to deposit earnest money? (Texas)
Hey guys,A couple days ago I got a house under contract. I am the seller. The buyer said they will deposit the earnest money the next day. It has been 2 days and the buyer is not responding. The contract reads, "I...
Rudy Herrera
My Buyer failed at the closing table.
I've reviewed dozens of forum posts and articles; however, I haven't been able to find the information I'm looking for! All help is greatly appreciated! This situation has a few questions associated with it but I'll m...
Luke H.
Selling: Rent to Own vs Owner Finance in Texas
Hi all, hope all is well.1- I've heard that Lease with Option to Purchase is not legal or no supported in Texas. Any resources?2- If I owner fiance a property are there any RMLO's you recommend and why?Thanks!
Christian Marin
Help!!! Buyer's List Fails. What do I do?
I currently have a deal under contract that I found that I thought has a huge equity position. Now the buyer's in my list are unable to perform. The worst part is the one buyer I specifically found the property for I ...
Guy M.
Wholesale Assignment Question
I am beginning to wholesale in my area and I am unsure on something I thought about concerning the assignment of a contract. Here's an example I was thinking about:1. Wholesaler finds property with an ARV of $140k2. E...
Hilly Fricks
Land Contract Evictions
I sold a property on land contract in St Louis, MO. After a couple months the buyer stopped paying. Do I go through a regular Eviction to regain the property, or would I have to go through a Foreclosure? Would appreci...
Linda West
Contingency Clauses - Financing + Inspection
preparing to make offer on an out of state property and unsure about how to word/handle financing and inspection contingency clauses. I want to protect myself in the event I can't find decent financing (asking $1.2M) ...
Kay March
FSBO sale canceled - buyer's own house fails to appraise
I'm selling a rental SFH as a FSBO. Found a buyer, whose offer was contingent on the sale of her own house. The buyer's agent tells me now that the appraiser on the sale of the buyer's own house appraised it at 28K be...
Chris Swindle
What to do when your buyer list fails?: How to find other buyers?
Hi All,I've done a number of wholesale deals in the past. Right now, I am working on one in which, I think I may have overestimated the value. Other deals I have done, investors usually jump at them quickly. However, ...