Record The Deed Before The Sell?
I am confused again - I got the deed into a trust with me as trustee and benficiary. Did not record the deed. Have a verbal deal now with the first and second. Ron says to record the deed before the sale but what does that do? Would the seller actually be the family trust?
Another question - so you have the approval letter - can the lender reneg. Say you go to the title company with your letter. Do they also get a payoff from the lender? Does the lender sometimes give the wrong payoff. Should you give the title agent the Loss Mit representatives phone number. Can the lender reneg after the close and say that was not the payoff amount?
Thanks
Brenda
Brenda, this might seem unrelated to your question... but you've got to decide which acquisition techniques make the most sense to you... then stay the course.
"This guy says this, and that guy says that... I've done some of that and a little of this... now I don't know what to do!"
If you embrace what one book or program recommends... then stay with it unless/until it is proven not to work.
This business isn't like buying Chinese take-out. Stay the course.
Personally, I don't advocate that anyone try to assign a short sale approved contract. It's just too darn difficult to those folks who have yet to master a single methodology... and yet try to combine techniques resulting in a mess.