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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foreclosure Forms??? Posted by Rick Harmon on September 27, 2003 at 8:59 AM In Reply to: 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? kfarzin- Perhaps you would learn more and get all of your questions answered more fully if you read many of the prior postings on this site first. Also, use the search function to ferret out prior postings that have already asked (and answered) your queries. Happy searching Rick Follow Ups: 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? : kfarzin- : Perhaps you would learn more and get all of your questions answered more fully if you read many of the prior postings on this site first. Also, use the search function to ferret out prior postings that have already asked (and answered) your queries. : Happy searching : Rick 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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