William Brandon
Active 5 months, 4 weeks agoForum Replies Created
-
Posts
-
I’m in the same boat. But what you must remember is that you are responsible… You are responsible.
I’ve picked the probate route cuz it’s an evergreen business. My expectation is some what based in reality.
It’s gonna take time due to the nature of the business. A person has left this world. Much different than most of the strategies used in this group. The point I’m hoping to get across is pick a single strategy and focus like a laser beam. Don’t look to the left or the right… Straight ahead!
Agree 100%, intent was definately not to do anything wrong. Wasn’t sure what could do or not. Thank you for the advice
Side note
– Highest bidder – Jackie & Miller way worked Ended up getting two other good offers, plus one low ball offer. Any general advice from member’s would be great. Concerened about signed “as is” with 1st buyer weeks ago.
1. Signed “as is” with previous buyer on 5/25/12 & emailed copy to them. Never received dated/signed copy from buyer. Was supposed to close a few days after emailing agreement, per emails/phone calls. They put “zero” down in escrow, per agreement (newbie mistake)
2. Received email from buyer on 6/5/12 from buyer, day before planned (email confirmation) closing at 8:30 pm – saying – repairs too much, putting deal on hold until determine what county will require to fix home. Client verbally said can’t do orig agreed price because repairs to much – & via email – said – waiting on figuring out what county will require to fix home & will provide update.
3. Closing date on “as is form” said closing docs would be delivered on 7/1/2012, at the latest
4. Buyer “per terms” paid for all out of pocket expenses other than any water or HOA liens (not much)
5. I left messages for buyer saying if don’t hear back, I’ll assume contract is canceled today – if don’t receive a returned call today….additionally ………I had sent email’s asking for returned calls prior to today….. No returned call/email.Buyers sep from above:
New Buyer(s) – Buyer (, outbid buyer (A) and came to table with (basically) (Jackie/Miller form) – ie short and to the point (1 pg) – 3 days to close, cash if can’t get free clear title, & outbid buyer (A) – vs – less $ and 14 days to close vs 3 days and no inspection clauses at all….they spend 1.5 days in home inspecting on (thurs/fri). Bottom line – (generally – since I didn’t provide copy of basic “as-is” agreement” here to review……
Would you worry about 1st buyer if (they had zero escrowed)…. I never received signed copy of “as-is offer”. Bidder said via email/verbally *(6/5/12) waiting on final numbers for repairs b/c they seem major and allot more than expected. And that they’d “let me know” update (weeks ago). They also said – putting deal on hold (via email)…which was 1/2 day prior to email/verbal agreed closing…even though closing date on form said (7/1/12)Sincerely,
Dan
Hi Jackie:
Thank you, sorry for the slow response…..I was rear ended by a truck this week and family member had a E.R. visit, last week.
I have a bit of a good problem now
Already promised (A – below) the deal today, but ( ends up spending all day at property and calls around 2 pm and says they’ll pay cash “saturday or monday” and pay $5k more. A. Contractor company put in “as-is” contract yesterday, due today and have 2 weeks for inspection of property.
B. Invester – says they’ll pay cash tomorrow for home, but subject to clear title.
Questions
1) I have a letter from mortgage co that the lien is satisfied. Its just not in public records yet. Bayview home loans (servicing of BofA) said again today that everything is satisfied in full. Should I include any verbiage in the contract because of situation?2) How would you have the check made out? I’m trying to do modification on my home and it won’t happen if they see a big check and I need to repay parents for a loan.
Could I record a land trust, then have the check made out to that entity as an option?
Sincerely,
Dan
Thank you, I wasn’t sure if it was worth while to put in a land trust until the highest bidder sale, since its still has a value.
I called code enforcement to see if they would come out to just look at the Trusses to see if all of them need to be replaced or just the ones in the garage where the fire was contained. Code enforcement said a contractor or inspector would be able to do that.
I have a 2 “bids” from a contractor from when the home would still be possible covered by insurance (prior to bank forgiving loans) and they listed EVerything to get it fixed, same with the 2nd contractor. I’m hesitant to ask them to look at it again since they know the previous tenants and don’t want any hasstle from them trying to look for a payday even though my lease said they need to get fire hazard insurance. Turns out these two groups know the code enforcement as well, so not sure if it would be a bad idea or not if they looked at it again in hopes of the buyer choosing them to do the work; at the buyers choice of course.
2nd Contractor had said the roof could be fixed and not need to be replaced, but still came in withing a few dollars of the insurance amount, when that was an option. Thank you for your advice.
Sincerely,
Dan
Thanks! That is going be very helpful in the future 
, outbid buyer (A) and came to table with (basically) (Jackie/Miller form) – ie short and to the point (1 pg) – 3 days to close, cash if can’t get free clear title, & outbid buyer (A) – vs – less $ and 14 days to close vs 3 days and no inspection clauses at all….they spend 1.5 days in home inspecting on (thurs/fri). 