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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Risks of Carryback TD? Posted by SeanW on May 01, 2003 at 7:35 PM In Reply to: Defers paying all cash to a seller right now.. posted by Ward-CA- on May 01, 2003 at 6:19 PM I can see how this would be a way to placate the ex-owner that he will be paid, without leaving any ownership interest in the property. But AFAIK, a trust deed must have a defined amount to be valid, not language to the effect "50/50 split of net profit at the resale". Seems like you're opening yourself up for undiscovered flaws in the house after seller moveout, that must be fixed out of the 50% you planned on getting. Is there any way to convince a seller that your due diligence is good on a 50/50, "determined at close", deal? Escrow the expenses, maybe? Follow Ups: No risks that I see. Ward-CA- 8:18 PM, 05/01/03 (2) (No Nerves) SeanW 9:43 PM, 05/01/03 (0) What about desperate sellers? SeanW 9:32 PM, 05/01/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I can see how this would be a way to placate the ex-owner that he will be paid, without leaving any ownership interest in the property. But AFAIK, a trust deed must have a defined amount to be valid, not language to the effect "50/50 split of net profit at the resale". : Seems like you're opening yourself up for undiscovered flaws in the house after seller moveout, that must be fixed out of the 50% you planned on getting. : Is there any way to convince a seller that your due diligence is good on a 50/50, "determined at close", deal? Escrow the expenses, maybe? 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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