scott_l._moyes

Jeff and I are working on some new and cool tools for NARS Members. Stay Tuned!

IMO, you may only need a “Simple Land Trust”, which as a member of NARS is super cheap. In fact, I would recommend you have two Trusts, a Family Revocable Living Trust for everything but the property and a NARS Simple Trust for the property. Your Mom’s Will should be in her Living Trust. If all she has is a Will, then the property and ALL…[Read more]

@unclejim wrote:

Again – Sorry for the confusion!!

No Problem

@unclejim wrote:

You seem to be saying that HOPES is not a viable solution – Right? That would mean these owners have already lost the fight unless they can find a 2.2 million dollar buyer.

You need to remember, this thing we call “HOPES” is nothing more than asking the Bank/Lender to…[Read more]

@unclejim wrote:

They need 2.2 million to pay the balloon payment on a shopping center earning 10% CAP. Has anyone ever solved this kind of problem? One of the owners “says” they will not accept an equity sharing arrangement.

So opposed to saving the property and their current equity, they would rather lose it all together??? Sorry, but I don’t…[Read more]

I believe he goes by “vegasdave” or “vegasinvestor”. You may be able to find and email him from the members area.

@unclejim wrote:

What are the more important issues I ought to be concerned about?

1. Show Up – Can’t get an offer accepted if we don’t make one.
2. Pay Attention – Let them tell you what they need, want or their pain is.
3. Be Honest – Can we really offer a legitimate solution or offer.
4. Stay Unassociated with the outcome. All we can do is…[Read more]

@unclejim wrote:

“Can this program be used for Multifamily properties with 100+ units. If yes, please provide me with additional information on how to get started etc.”

Yes!

Just remember, what we do, is not a “Program”. It is not a service we provide or a service we sell. WE ARE INDIVIDUALS WHO MAKE OFFERS!

With regard to multi-family…[Read more]

We are, where have you been?

First of all Gary, Mike is actually a good friend of mine, member of our local REIA and very well acquainted with NARS and the EHTrust. In fact, I’m willing to bet that he knows as much about it as 99% of most NARS Members.

@mtnwizard wrote:

First, don’t pitch it as a lease option. IT IS NOT. A lease option has a sale price attached. This is a…

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Mike, you have an excellent memory and understand the process well. I also got your facebook message and will be glad to work with you. There are several pieces of literature, as well as various articles etc., available. I’ll email you with some attachments over the weekend. Fair Enough?

QTA is not a Concept, it is a Lawsuit and when combined with the proper docs and EVIDENCE, WILL result in a lien release. QTA is the final step that every successful attorney uses in court. I have personal knowledge of this.

However, without the proper evidence, a QTA is useless. You can’t just file a QTA and expect the court to do all work for…[Read more]

Have you talked with them yet and when would you like to set up a conference call with them and get this ball rolling?

@ahutton wrote:

ARRGH, Scott. I’m not talking about making ONE offer. I’m talking about going to the HOA management company and offering to solve their problem of homes that aren’t paying their association dues. I don’t know anything about how HOAs work, though. The idea was to offer the HOA a way to improve the community. I was trying to…

[Read more]

@ahutton wrote:

obviously now here. I realize that. I’m just asking how you would proceed or if you even would.

So now I don’t understand how you can come up with that answer and then ask “IF” you would even proceed. Is Opportunity Here or not? How are going to know if you don’t even try to make an offer?

OK, I’ll let you off easy. All I…[Read more]

Let me start my reply by asking you just one question. Your answer will determine if you assumption is correct. Please read the following line and tell me what it means to you. Here it is, are you ready?

Opportunity is Nowhere!

What Ocwen calls this is a S.A.M. or “Shared Appreciation Mortgage”. It is modeled after the original FHA Equity Share Mortgage. Other lenders are now catching on and yes, it is exactly like HOPES except without an EHTrust in place. Our goal is to show each lender that a S.A.M., in the form of an EHTrust is a much safer and superior…[Read more]

Follow the Money Trail

@corkhorner wrote:

I missed the meaning of ‘flopping’, on my journey.

“Flopping” is the term used by some (Realtors, Regulators, etc.) for “illegally” flipping Short Sales. In most lenders and realtors minds, flipping or flopping a short sale is illegal, period. They feel you are ripping off the current lender if you buy a short sale and then…[Read more]

The secret to any use of “a trust”, regardless of what organization or person creates it, is Full Disclosure. I have personally used a Simple Land Trust to “Flip” or “Flop” a property several times, with full knowledge and cooperation from the Title Company and Lender.

I have also been turned down by the same Title Company and Lender too. They…[Read more]

@corkhorner wrote:

[ok Scott?] Want to discuss?

No, not really.