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  • #43333
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    Wow!

    Don, this was posted a loooong time ago. We don’t advocate any of that any more and I can pretty well assure you that if you do it, you will have one hell of a time getting title insurance on the property when it comes out of the trust.

    I do not like the words “short-sale” “foreclosure bail-out” or any of that crap…’hurts too much when it snatches your crab apples while your sleeping (‘so to speak). I like Vanilla period! …from here on out! Never confuse the words Creative Financing with “Pipe Dream Rube Goldberg Mush Mission.”

    #43312
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    Scott,

    Good to see your back (‘beats looking at your face…’oh never mind…’too old and corny…’not you, the feeble attempt at 50 year-old jocularity for a 50 year old jockey.

    And, Scott, regarding your riding that little pony to the bank, when you saddle up ol’ Skippy and your bags are drooping and more than he can handle,send them this way and I’ll be glad to help out.

    Bill

    #43249
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    Jim,

    Yep I’m saying that. We keep a list of people who our members tell us are clients of theirs who may try to step around them (its the initial input form on the Create a Trust data base). If you’re doing a deal, the idea is to get the preliminary information into as soon as possible. I.e., we don’t care how many trusts you start and don’t complete as long as we are not asked to do any work yet.

    Regarding their joining the network, they can do that, but if we know that they belong to you, were pay you half of their membership fee (and they receive no discounts.

    We tried setting it up so that such a new member would have to pay your part of their first deal…but that worked out like trying to attract a blind moth to a bug-zapper.

    Bill Gatten

    #24848
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    Just put out signs with an average monthly payment for the properties in your area. Typical Sign you see on this board, No Down, No Bank Qual. etc. when they call tell them the house in question is gone but you come across properties constantly. Then find out:

    1. How much they have?
    2. What they want?
    3. How soon they need it?

    Then go and get it!!

    #23238
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    sorry Alan thought my email was on my profile

    efraz98@yahoo.com

    #23236
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    Alan,

    Could you send me that clip please?

    Thanks,

    Elvin

    #23060
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    I really hope Tom decides to go after that reporter for defamation. I watched that load of crap piece of supposed journalism, and wondered why they chose to single out EHC especially since during the story they show the court documents naming 6 defendants. Why no mention of Beforeclosures, Investar Holdings/Enterprises, or Development Management Solutions? These are the idiots that screwed this lady over, and I use lady loosely…what a liar she is! I didn’t know I signed the deed to EHC…come on! I used to want to help people in foreclosure now I say screw’em. SUE them EHC!!

    #18702
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    “I have deals in Riverside Co, San Diego Co, San Bernardino. For complete list go: http://www.box.net/public/l4e8uj8pn3#main Under deals. I need R.B. I can workout compensation. For helping me out. Thank you, Amigos. Sebastian 619-243-4664″

    #18701
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    “Well said, Jim. Yo entiendes, Mendes. Sebastian, I heard you got another movitated seller in Temecula Area. 100K in equity? Is he walking away from this much equity? A todos: “”Salud, Tiempo y Dinero”" Wishing you “” Prosperity”" “” Good Health”" and “” Time”" to enjoy it all.”

    #18668
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    I may have a couple friend may be interested. Please call me at 619-243-4664 O Sebastian

    #18699
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    “Bill, I am still trying to figure out how to make best use of my time. So far, I’ve done little; However, Either I am tapping into a under-served my market (Hispanic and Latino) OR YOUR SYSTEM IS JUST PLAIN GENIUS!!! Becase my calls are getting returned. And now I am sitting on lots of CA, MIDWEST AND EAST-COAST leads. In fact, I have too many that I can handle. By the way, your espanol is pretty good. Sebastian 619-243-4664″

    #13511
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    This should be fixed. Problem occurred because some people entered websites with the HTTP prefix, and others did not. Those who did not, we’re getting local links instead of remote ones.

    #12102
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    John I will take a crack at your questions and I know more experienced NARS members will chime in.

    To question 1 I believe the max # of properties is four you can vest into a simple trust.

    #2-My view is there will obviously be a higher liability in placing 4 properties into a trust . I believe in separation since each property has a different profile and such and the cost for a simple trust for NARS

    #11463
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    billyc,
    The first thing is if your are a beneficiary in the trust you own personaly not the real estate itself and actually the designated trustee holds both the legal and equitable title to the property so in essence you do not as a beneficiary own the propety if it is in a land trust.
    I would make sure the R/B signs a Release of Liablilty so she can not come back to yur or the settlor later with a lawsuit due to not knowing or deciding to sue anyway about the flooding or damage caused but it.

    Check on the existing insurance policy with the seller and verify that there is adequate coverage on that.
    If you do not want to be in the trust agreeement then do a PAC trust ( 2 beneficiary arrangement) and get a consuting fee for your efforts after you setup the transaction and that can be whatever you negotiate with your settlor and R/B.
    So in this case you can broker the deal and settle your monies that the R/B gives to you in moving into the property after putting up one month into the contingency fund the trustee will reside over.
    If you are a member and can look get the trust setup over the NARS site you can save some monies and charge them the difference..

    I will let more experienced members chime in but that is my take..

    #11245
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    Bill,
    Thanks for your information on that and unforunately I have not heard from this indivudual who requested about land trusts in Canada.
    I did, however forward that message to him .

    Thank again for the prompt reply..

    Colvegas

Viewing 15 posts - 1 through 15 (of 36 total)