No one is trying to be an “authority” on the subject, Charlotte, except maybe you.
More and more, we are getting hotshots on this board that have to bash everyone and everything that disagrees with them or contradicts what they want to say, regardless of whether what they say has anything to do with the post at hand. Welcome to that club.
You say that you weren’t talking about BK or tax liens or whatever. Great. However, the post is how to protect yourself in a sandwich lease option. If your great little paper at the register of deeds can’t protect you from those, then I guess I still have some valid points, right?
And then you go in jumping to your own ideas again. You say that they what I said was “dumb” because I said a closing agent could work around a filed notice. That’s “acting as an attorney” I believe. Well, genious, I wasn’t referring to a RE agent, BUT an actual closing agent (ie an attorney for example). Every state is NOT an attorney closign state, hence the term “closing agent.” States that use title companies, or even RE agents, as closing agents. And yes, in any instance, an actual attorney would have to handle it. However, I did not detail that out in my post. I do make some assumptions on the intelligence of the readers here to understand the basics of what needs to be done. My apologies to you. I should have be more clear.
Hmmm. I don’t recall bringing up foreclosure at all, but your “solution” to avoiding it will work. Hardly new and inventive, but works.
Ayy…the ol’ Roger’s an agent so he must be “pro agent” theory again. Well, Charlotte, I’m neither for or against agents, though I do lien to on the ‘against’ said. While I don’t have a clue why it’s relevant to this thread, point is I’ve been an investor far longer than an agent, and older posts show that I favor NOT getting your license if you’re going to be an investor, so hardly pro agent. Does that mean I get your permission to stay?
I’ve been in the business awhile now and I’ve seen several cases where someone did not “honor” the contract and the courts sided with them. Please feel free to review cases on your on time and in your own state. They are there.
Oh, and we have to post a second to flame some more. I “obviously” haven’t been in business long because NC buyer’s can’t have a valid POA. Well, touche`. Oh wait… no, because we a) aren’t talking about NC specifically and b) I don’t believe that I said that “the buyer” should have a POA, but rather that you should have one. Again, it’s general speak because there are 50 states with varying laws, and I again assumed that someone would have a basic understanding of their state laws concerning RE if they are planning on getting into investing.
As far as the FHA rule goes, I suggest that you review for yourself (bravo, charlotte). here’s another: http://www.reiclub.com/forums/index.php?topic=37052.0
To my final points, as this is getting old really fast:
First, you say that I’m “negative.” Why? because I actually talk about the real world possiblities that someone could face if they get into certain ventures? If that is considered negative, then yep, that’s me. I don’t fall into the “just do it” crowd, nor to a attest the guru world of outdated material and over the top claims of big money, fast women and hot cars (or is that hot women and fast cars…does it really matter!). Sorry if that offends you.
Second, you’ve belittled me on how “little” I apparently know and how “stupid” I am, that I “must” be a newbie trying to act like a “big shot” (I believe that you used the word “authority”). Did I miss anything?
Well, here’s something that’s going to surprise you. I really don’t have a care in the world as to what you think. I post with the intent to actually help others, not try to prove points. I post from my experiences in this business, not from how to books, guru courses, or rehashs from other posts past. And sometimes, I even learn a few things that I didn’t know from others with more experience in the topic (not in this thread so far, but the day’s still young).
I don’t try to be a “bigshot.” I simply post what I believe. In a public forum, you, as a reader, only have the post to truly determine someone’s level of knowledge and experience and I routinely say, “take it for what it is worth” because until you’ve researched it on your own, it’s all bull.
I also don’t have to bash others to get my points across. I let them stand on their own. They are free to take them, leave them or use them as they see fit. I feel that if you have to bash others to prove you’re right, then you’ve probably got issues, both with yourself and your points. But again, that’s for the readers to decide, because frankly, I don’t care.
You want me to leave. You’ve got it. I’m gone.