Purchase Contract Or Equity Purchase Agreement?
Okay.. I am a newbie here. To make the story short. I am working for an investor in the Los Angeles area getting into pre-foreclosures. My knowledge is some-what limited on this subject. Here is the scenerio: I am looking for homes with 70-100K in equity. Do I use a standard purchase contract or equity purchase agreement(assuming I find a home with enough equity to make a profit)? As I understand, I need the following forms to conduct a transaction in the pre-foreclosure stages: 1) Autorization to release information 2)Standard Purchase and Sales Agreement & Escrow Instructions(or equity purchase agreement ???) 3)Real Estate Disclosures Am I missing anything?
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Please take a look at the following link
http://www.thecreativeinvestor.com/modules.php?op=modload&name=Forum&file=viewtopic&topic=40099&forum=18
Hey radio52-com... don't forget to mention CC1695.
70 to 100k equity position in pre-foreclosure? Vary interesting - How do you plan to find them?
Will you be purchasing the real estate or the equity?
Have you verified that your investor has the funds?
Do you have the investor under contract?
How do you plan to use the real estate disclosures in your purchase?
You asked if you are missing anything and indicated that your knowledge is limited! Have you taken any courses on this subject?
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