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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Unconscionable Advantage & EPA Posted by wayne on September 16, 2006 at 10:42 PM In Reply to: Unconscionable Advantage & EPA posted by Wayne L. Brown on September 06, 2006 at 8:46 PM : Ward : As a subscribing member of County Records Research, thanks for this Discussion Board-also will be attending more of your meetings with CRR. : To my point, as a real estate licensee in Lending and new Investor, I am concerned with just a few points and hope that you will answer my post. Finally, I have poured through posts on this issue, as well as, Civil Codes 1695 and 2945. : Specifically, with the spiraling downward and very slow market we are experiencing here in CA, how can we protect ourselves as investors ( I've read several of your responces on the 50/ 50 rule after expenses ) : First, provided that we can get the seller to agree, can we effectively get the seller to agree to a lower equity price since in this market we may have to discount 10-20% just to unload in this market? Here is what I am thinking- agree to a 50/50 split after expenses, but protect ourselves because of the downward market. : Second, in the EPA, on page 1 it has a section for Present Market Value, and next under Consideration the Sellers Equity. : Under Consideration, can we make a reference to see the Addendum where we Clearly spell out the 50/ 50 Split after Expenses, And Reference uncertainty as to todays market, but make this all predecated on whatever final sales price we can Obtain? : Please excuse the lengh and wordiness- I'm just trying to make myself clear on this. : Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward : : As a subscribing member of County Records Research, thanks for this Discussion Board-also will be attending more of your meetings with CRR. : : To my point, as a real estate licensee in Lending and new Investor, I am concerned with just a few points and hope that you will answer my post. Finally, I have poured through posts on this issue, as well as, Civil Codes 1695 and 2945. : : Specifically, with the spiraling downward and very slow market we are experiencing here in CA, how can we protect ourselves as investors ( I've read several of your responces on the 50/ 50 rule after expenses ) : : First, provided that we can get the seller to agree, can we effectively get the seller to agree to a lower equity price since in this market we may have to discount 10-20% just to unload in this market? Here is what I am thinking- agree to a 50/50 split after expenses, but protect ourselves because of the downward market. : : Second, in the EPA, on page 1 it has a section for Present Market Value, and next under Consideration the Sellers Equity. : : Under Consideration, can we make a reference to see the Addendum where we Clearly spell out the 50/ 50 Split after Expenses, And Reference uncertainty as to todays market, but make this all predecated on whatever final sales price we can Obtain? : : Please excuse the lengh and wordiness- I'm just trying to make myself clear on this. : : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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