![]() |
Foreclosure Forum |
|
Re: got first preforclosure call, excited!! what to do next??In Reply to: got first preforclosure call, excited!! what to do next?? posted by Nancy LA on March 24, 2004 at 9:43 PM
: I finally heard the voice a motivated seller facing foreclosure for the first time!! after 2 months of frustation sending out direct mails to preforeclosure list, posting signs, finally I got the first call.. I'm so excited!! : Option 1 : My exit plan is sell it via Lease Option or Owner financing.
: If ther's equity in the house, I'll make her back payments, sell the house for her and split the profit from proceeds.. what kind of paperwork do I need for that? like a purchase option agreement or something? : Are ther other better ways to do this? : Sorry, I don't have all the details on the house yet but I'm just very excited about it, and can't wait to share! : thanks Congratulations! I am newbie and havenft seen anything yet. So I envy you big time! I also greallyh understand how you want to share the excitement. (If I were in LA, I would like to celebrate with you but I am in No Cal.) For me, itfs been dry for four month. :-( Hearing someone making it gives me the hope. It is 5 day cooling off period we have here in California. The law specifies detail about how contracts are written including size of print. Ward has Equity Purchase Agreement and Cancellation form in gFillable Formsh section. With in the five days, no money should be exchanged. And you might want to read the whole gForeclosure Codeh section. Anyhow, I wish you the best. -whyK Follow Ups: Post a Followup:
|
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. Read our privacy policy.
Copyright © 1997-2004, 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