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Author Topic: Preventing seller dealing with multiple investors  (Read 1342 times)

Offline F-Props

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    • Connecticut Real Estate Investors
Preventing seller dealing with multiple investors
« on: December 20, 2007, 02:57:53 pm »
My partner is worried about other investors coming along and taking control of the seller while a short sale is pending.  How do you guys prevent this?
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Offline MichaelQuarles

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    • Yellow Letters
Re: Preventing seller dealing with multiple investors
« Reply #1 on: December 20, 2007, 03:57:55 pm »
Baseball bat... Just kidding

Memorandum of contract and a very good contract... Mine calls for the seller to pay me a minimum of 50k if they cancel the contract

But the reality is that if you sell your benefit  then the seller wont  try and go around you.

Michael
www.YellowLetters.com... Handwritten letters at an affordable cost.

 




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