Hi Seth, when trying to close in house with a person out of state, are you mailing documents back and forth for signatures or signing online? Also do you need any documents to be notarized and do you do that any special way?
Your videos have really helped me a lot thank you. On a land contract what if the buyer doesn't make payments on the home improvements he had a contractor do and the contractor places a lean on the home?
Thanks! I'm glad they helped. Personally, I don't let borrowers do any improvements unless they either get my consent first OR they just pay off the land contract. Even if a contractor does place a lien on the property, while it is a "title clouding" instrument, it doesn't mean they get to take possession of the property, it just gets in the way if/when the borrower tries to sell the property in the future. I would imagine if you had to repossess it, you'd probably have to pay to get the lien removed (but at the same time, you'd also get your whole property back... so depending on the amount, it would most likely be worth the trouble). But again, that's why I just don't allow my borrowers to do it unless they get my permission first. That way, I can make sure they actually have a plan to get the improvements finished and paid for.
I sold an empty lot and carry a second deed of trust which was in default and delinquent, the Buyer ask me to subordinate the note to a new lender so he could pay the delinquent first deed of trust, I had no option, but sign otherwise the First deed of trust would have foreclose and I my second deed of trust would have been worthless. My question is can I sell this deed of trust for a discount? the good point is that when I subordinated the deed of trust I have the buyer sign a document personal guaranty of payment. In selling the deed of trust I believe that I have to disclose to the buyer of my not all the information that I have concerning the note (and rightfully so). I sure would appreciate your answer. Could you recommend a realtor or a note agency that could sell my note? I will be looking forward to your reply, thank you.
My question: Can you correct my deed to a DEED ABSOLUTE so that no codes, statutes or ordinances can be used or enforced against it due to absolute ownership
Hi Seth, when trying to close in house with a person out of state, are you mailing documents back and forth for signatures or signing online? Also do you need any documents to be notarized and do you do that any special way?
The fact that you made this video 6 years ago and it only has 10k views is crazy. Great content !
Thanks! I'm glad you were able to find it.
Do you have a video on preparing deeds when seller is paying cash?
Your videos have really helped me a lot thank you. On a land contract what if the buyer doesn't make payments on the home improvements he had a contractor do and the contractor places a lean on the home?
Thanks! I'm glad they helped. Personally, I don't let borrowers do any improvements unless they either get my consent first OR they just pay off the land contract. Even if a contractor does place a lien on the property, while it is a "title clouding" instrument, it doesn't mean they get to take possession of the property, it just gets in the way if/when the borrower tries to sell the property in the future. I would imagine if you had to repossess it, you'd probably have to pay to get the lien removed (but at the same time, you'd also get your whole property back... so depending on the amount, it would most likely be worth the trouble). But again, that's why I just don't allow my borrowers to do it unless they get my permission first. That way, I can make sure they actually have a plan to get the improvements finished and paid for.
Can you learn to prep the deed and get a "contractor position" with a title co?
I sold an empty lot and carry a second deed of trust which was in default and delinquent, the Buyer ask me to subordinate the note to a new lender so he could pay the delinquent first deed of trust, I had no option, but sign otherwise the First deed of trust would have foreclose and I my second deed of trust would have been worthless. My question is can I sell this deed of trust for a discount? the good point is that when I subordinated the deed of trust I have the buyer sign a document personal guaranty of payment. In selling the deed of trust I believe that I have to disclose to the buyer of my not all the information that I have concerning the note (and rightfully so). I sure would appreciate your answer. Could you recommend a realtor or a note agency that could sell my note? I will be looking forward to your reply, thank you.
How do I get my responsibilities of deed of trust
My question: Can you correct my deed to a DEED ABSOLUTE so that no codes, statutes or ordinances can be used or enforced against it due to absolute
ownership
hey, I have a question what happens if the owner/lender declares bankruptcy am I? on the hook too? I'm buying by the way.
What if it’s a cash sale
If it's a cash sale, then a deed of trust wouldn't be necessary.