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Re: deed question on equity buyout with no trust

Posted by Howard Nehdar @ Oakwood Financial on November 06, 2003 at 10:10 AM

In Reply to: deed question on equity buyout with no trust posted by cloud on November 05, 2003 at 11:47 PM

: I just wonder if we do the EPA with the seller who in foreclosure then we have the seller grant the deed to us but we don't want to record it before we can find the new buyer to flip the property to. What if the seller grant another deed to other person at later date than us but it get recorded. What is the effect with our deed that get granted before but not recorded??? The reason we don't want to record right away because don't want to get due on sale. (providing that we don't want to use

Cloud,

We have been doing this for a while now (you can ask Ward about us)and can help you with your questions. We would also be interested in buying the property directly from you so you can get your profit out of the deal ASAP, to free up cash for another deal. Give me a call, 818-597-1123.


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