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 ] Re: Seller Breach of Contract Posted by Ernie Baxley on August 19, 2003 at 7:58 AM In Reply to: Re: Seller Breach of Contract posted by James on August 19, 2003 at 1:42 AM James, It is in California and no the seller is not in default. I posted this here because I know that Ward gives good advice. I am well aware of the foreclosure laws in Ca. I am also set to take one of Ward's training sessions on Pre-foreclosures next week. All offers were made between our agents. Sellers fired their agent after they accepted our offer and after signing the contract. Their broker advised them to break their contract and not sell to us. As far as taking advantage of an unsophisticated older couple and reading between the lines I have to laugh. This couple has rental properties in 4 different states and are much more experienced than me and my partner. It was not until we experienced these problems that I have learned that this seller has had this house fall out of escrow five times due to pulling these kind of stunts. Should we let this go and have the next unsuspecting buyer deal with her as we have had to or do we have an ethical/moral responsibility to stop her. This is not about the money now. As I stated in my message I was paying cash for the property. This was not hard money cash but my out of pocket cash... I am sorry if I sound defensive regarding taking advantage of people but I would never do any such thing especially when it is only about money. Ernie Follow Ups: Re: Seller Breach of Contract David 12:29 AM, 08/22/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : James, : It is in California and no the seller is not in default. I posted : this here because I know that Ward gives good advice. I am well aware : of the foreclosure laws in Ca. I am also set to take one of Ward's : training sessions on Pre-foreclosures next week. : All offers were made between our agents. Sellers fired their : agent after they accepted our offer and after signing the : contract. Their broker advised them to break their contract : and not sell to us. : As far as taking advantage of an unsophisticated older couple and : reading between the lines I have to laugh. This couple has rental : properties in 4 different states and are much more experienced : than me and my partner. It was not until we experienced these : problems that I have learned that this seller has had this : house fall out of escrow five times due to pulling these : kind of stunts. Should we let this go and have the next : unsuspecting buyer deal with her as we have had to or do we have : an ethical/moral responsibility to stop her. This is not : about the money now. As I stated in my message I was paying cash : for the property. This was not hard money cash but my out of : pocket cash... : I am sorry if I sound defensive regarding taking advantage : of people but I would never do any such thing especially : when it is only about money. : Ernie 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