getsmart

sorry to hear that Al, there is nothing we can say on time will amend. stay strong.

anythings possible.

I see what you are both saying but when discussing the deed, whether in trust or not. Scott what is the benefit of vesting the deed to the trustee over a corp? Other than the dosc and liens?

Gary, I don’t care what appears to be smarter since I have a lazy typing hand, I am only using proper caps so you can add your feedback. Do you have any feedback?

with the way its worded the seller is assured payments, they could care less about receiving the property back, they want to be done with the hassles and getting the propety back is a hassle. some will go out and get a blood thirsty attorney to rattle you up. i am just saying be careful what you say.

I was gungho when I first started I was asking for deeds all the time and to my surprise i was getting them. now I am a little shaky asking for deeds and the remorse probably shows.

How are you guys asking for the deed? I am not highjacking the thread since its title talking to sellers.

I have found that calling FSBO sellers are not so motivated. Most want full value now and all cash that is why they want to cut the agent. If anything you might want to put them on a drip campaign.

hey Scott when you say put plenty of signs in the yard how many signs per yard do you recommend?

take a night job delivering pizza, not the…[Read more]

Jerry how can you assure that the mortgage gets paid if the rb moves out. you can’t make any guarantees or else you will be responsible and it would be more of an informal assumption on your part.

one thing you must keep in mind as far as charging a fee for loan mods, just make sure you check your state laws. so states such as NC doesn’t allow a fee before the service is performed and results in a mod the owner can afford. in other words you have to analyze the owners financial situation and determine what they can afford in their current…[Read more]

Scott i was referring to the social networking medium.

wiz do you think this is a perfect world? the speed limit on the highway says 60 mph but you can sit on the side of the highway and watch a driver speed by doing 80.

your trust program is stronger when you use a nars trustee not just some random trustee that can go against the agreement, which is possible and will likely happen if a random…[Read more]

wiz if they use their own trustee anything can happen, i am not referring to your trustee. a trustee that is on title is what an end buyer sees, they don’t see the trust agreement. is there some sort of deed restriction that prevents the trustee from doing such? as i said if they provide a notice of trust that is usually all that is needed to…[Read more]

how much time does it take to build up a network that will generate constant leads? i would imagine at least 20 hours per week since you have to stay in touch with members and to keep them engaged. the whole thing about getting over their wall of what they are doing to getting them interested in your business. most people join those sites to…[Read more]

I wouldn’t worry about that ad, how long do you think it will last before things settle down? Who cares who owns the property as long as everything is legal. How many property management companies manage someone elses property? I don’t think there is one apartment complex that has an owner thats actively taking applications.

i think there will be a potential liability if you let them choose their own trustee. one of the biggest is the trustee can do whatever they want with the property and that means exclude you from the transaction. all they have to do is produce an affidavit of trust. i know there is a trust agreement but what can you do if they spend up all of…[Read more]

Find a buyer with good credit and seasoing is usually not an issue, that is all I will say about this.

I have been loan mods not for a fee because that isn’t what I want, I have been doing them for the sake of making a deal a deal. They work and you can create some down the line cash.

SoCalGal, i haven’t read the guideline completely so is that just for land trust or all short term deals? so the guidelines are now in effect? there are still ways, but i won’t get into them. it’s a shame how far things have gone due to real estate agents, appraisers and mortgage brokers all of which have nothing to do with investors.

plus the way it was explained to me, a lot of the lenders seasoning has something to do with title insurance. so whatever title company you use, make sure they can provide a title insurance policy since lenders want their investment protected.

also don’t everyone call the lender i mentioned to verify the seasoning issue, let one authority here…[Read more]

@Jerry Carey wrote:

GetSmart:
You perhaps can give us some referral lender names you have used recently to complete these types of transactions …having said:Jerry Carey

sure i will give you one that is a large company to get your list started but you will have to do the rest on your own. Coldwell Banker.