when a list pendence has been placed on a property for sale and someone comes to buy that property does a bank give out a loan on that particular property that has a list pendence on it
Receivers very very seldom buy. Conflicts of interest. It may even be prohibited. The are, frequently, real estate brokers and may try to sell it to some "friend". Give him a call, tell him you are interested and want to see what the current income and expense look like under his management, and you would like him to give you a tour of the property (all of which is true). During the tour see if he has an interest in buying, if there are other people interested, etc.
SO does the person who signed over the deed have to resign the deed. I can do that if possible.
But I got another deal where I am in conflict with one of the owners and wants to circumvent me and deal with another party. He was the original owner before we deeded to a trust and gave me a share of benefical interest which i later bought him out of so now I own 100% control of.
My question is to correct the deed will the original parites who signed the deed to the trustee have to sign over again Also does deed being defective make the last deed still count since it was the last so called correct deed.
Were you overly agressive toward the listing agent?
Could the LA have interpreted your displeasure as meaning you wanted to cancel the deal?
I have seen lots of deals fall apart without signatures. Signatures are REQUIRED to memorialize an agreement. The lack of an agreement usually only requires verbal comment.
[addsig]
Yeah this double close was one of the most stressful deals I have ever put together. We are wholesaling a REO, have you not seen too many successful double closings?
How are most people structuring their wholesale deals nowadays?
lis pendens.
a lis pen clouds the title due to pending litigation.
Short answer - NO.
Receivers very very seldom buy. Conflicts of interest. It may even be prohibited. The are, frequently, real estate brokers and may try to sell it to some "friend". Give him a call, tell him you are interested and want to see what the current income and expense look like under his management, and you would like him to give you a tour of the property (all of which is true). During the tour see if he has an interest in buying, if there are other people interested, etc.
do you understand why there is a receiver?
BK? court ordered?
There might not be any sale of assets.
all I know is that it was court ordered.
SO does the person who signed over the deed have to resign the deed. I can do that if possible.
But I got another deal where I am in conflict with one of the owners and wants to circumvent me and deal with another party. He was the original owner before we deeded to a trust and gave me a share of benefical interest which i later bought him out of so now I own 100% control of.
My question is to correct the deed will the original parites who signed the deed to the trustee have to sign over again Also does deed being defective make the last deed still count since it was the last so called correct deed.
I would have to say: Just file a "Corrective Deed" in the proper format.
If you ask your title company to review the paper before recording, that should bring any hidden problems to light.
[addsig]
Were you overly agressive toward the listing agent?
Could the LA have interpreted your displeasure as meaning you wanted to cancel the deal?
I have seen lots of deals fall apart without signatures. Signatures are REQUIRED to memorialize an agreement. The lack of an agreement usually only requires verbal comment.
[addsig]
Yeah this double close was one of the most stressful deals I have ever put together. We are wholesaling a REO, have you not seen too many successful double closings?
How are most people structuring their wholesale deals nowadays?