InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What about desperate sellers? Posted by SeanW on May 01, 2003 at 9:32 PM In Reply to: No risks that I see. posted by Ward-CA- on May 01, 2003 at 8:18 PM Since you're trying to set up a deal that's 50/50 equitable, how do you handle sellers that just plain want all the money up front, to cut all ties with the house and "move on"? Obviously you'll need to discount their advance. If you don't discount, it would be a lot of money tied up in the house. (Almost like buying it at the sale.) But if you discount too much, it could look like a lopsided "cash for keys" deal. I suppose you could just negotiate 50/50 and tell the seller "If you are sure you can't wait, there are other investors that would buy from you, the trust deed we signed." Absolves the primary investor of CA unconscionability questions. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Since you're trying to set up a deal that's 50/50 equitable, how do you handle sellers that just plain want all the money up front, to cut all ties with the house and "move on"? : Obviously you'll need to discount their advance. If you don't discount, it would be a lot of money tied up in the house. (Almost like buying it at the sale.) But if you discount too much, it could look like a lopsided "cash for keys" deal. : I suppose you could just negotiate 50/50 and tell the seller "If you are sure you can't wait, there are other investors that would buy from you, the trust deed we signed." Absolves the primary investor of CA unconscionability questions. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455