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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] 50/50 split keeps us out of the courts.. Posted by Ward-CA- on June 24, 2003 at 7:46 PM In Reply to: Equity Purchase Agreement and Unconscionable Advantage posted by Mike on June 24, 2003 at 7:06 PM : I noticed the Equity Purchase agreement, it states that the house must appraise for_____ and that it can be deducted from the seller's net proceeds. : Has anyone had any trouble with the courts on this one? =========== Mike, Most of us just use the Net Equity Worksheet to determine what the net equity amounts to after all costs and expenses have been estimated and deducted from the current FMV (fair market value) of the property. The net equity figure is then split 50/50 half going to the homeowner and the remaining half to us. The 50/50 split accomplishes several things, one of which is to keep us out of the courts. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I noticed the Equity Purchase agreement, it states that the house must appraise for_____ and that it can be deducted from the seller's net proceeds. : : Has anyone had any trouble with the courts on this one? : =========== : Mike, : Most of us just use the Net Equity Worksheet to determine what the net equity amounts to after all costs and expenses have been estimated and deducted from the current FMV (fair market value) of the property. : The net equity figure is then split 50/50 half going to the homeowner and the remaining half to us. : The 50/50 split accomplishes several things, one of which is to keep us out of the courts. 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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