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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure Forms??? Posted by kfarzin on September 27, 2003 at 2:06 AM I have been reading a lot regarding flipping foreclosure homes on many sites and came across this site the mention of a Equity Purchase Agreement. How does this differ from the regular California Purchase and Sale Agreement you would fill out? I was under the impression you just needed the regular purchase agreement w/ a earnest deposit money (from $100-$1000) and assignment contract (with your fee stated on it) to flip it? Is using a EPA mandatory in the state of California when dealing with foreclosures of any type such as pre-foreclosures or REO's. It seems that you would need to put down a lot of your money to acquire such properties then. How would an example such as this would work: Loan Amount for $275k, Selling price = 290K Valued=$315K..what kind of offer would one present and amount of money would be involved if I want to flip to another investor? Follow Ups: Re: Foreclosure Forms??? Rick Harmon 8:59 AM, 09/27/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have been reading a lot regarding flipping foreclosure homes on many sites and came across this site the mention of a Equity Purchase Agreement. How does this differ from the regular California Purchase and Sale Agreement you would fill out? I was under the impression you just needed the regular purchase agreement w/ a earnest deposit money (from $100-$1000) and assignment contract (with your fee stated on it) to flip it? Is using a EPA mandatory in the state of California when dealing with foreclosures of any type such as pre-foreclosures or REO's. It seems that you would need to put down a lot of your money to acquire such properties then. How would an example such as this would work: Loan Amount for $275k, Selling price = 290K Valued=$315K..what kind of offer would one present and amount of money would be involved if I want to flip to another investor? 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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