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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] unconsciable advantage Posted by Keith on February 12, 2004 at 6:58 PM Am I right in my understanding that 1. offering a 50/50 split to a homeowner in default that has significant equity is generally accepted as being fair or not taking unconsciable adavantage of the homeowner, 2. the 50/50 equity split is figured after cost of acquisition, fix-up, holding, marketing, etc., 3. there needs to be at least 50 to 60k equity or more depending on needed repairs for a homeowner to expect much if anything, and 4. if I buy a house from a homeowner in default to occupy as my personal residence I am exempt from the code. Thanks for any input I know its kinda long. Follow Ups: Re: unconsciable advantage SeanW 7:31 PM, 02/12/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Am I right in my understanding that : 1. offering a 50/50 split to a homeowner in default that has significant equity is generally accepted as being fair or not taking unconsciable adavantage of the homeowner, : 2. the 50/50 equity split is figured after cost of acquisition, fix-up, holding, marketing, etc., : 3. there needs to be at least 50 to 60k equity or more depending on needed repairs for a homeowner to expect much if anything, and : 4. if I buy a house from a homeowner in default to occupy as my personal residence I am exempt from the code. : Thanks for any input I know its kinda long. 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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