Can Investors Steal Your Deal?

Comments(14)

• 
  Aaliyah2nd July, 2006

  Thanks roboxking
  so what are you saying is sign purchase and sell agreement then sell your contract.

• 
  roboxking4th July, 2006

  Yes that is always your best bet. Control the deal.

• 
  InActive_Account5th July, 2006

  anyone can steal your deal until you have the deed. Always go for the deed.

• 
  roboxking5th July, 2006

  panicfilms -- he/she does not want to own the property and simply desires an equitable interest for assignment purposes.

• 
  roboxking5th July, 2006

  So you are saying that a deed somehow gives you better protection than a contract from a third party???
  
  An executory contract can be recorded with the clerks of court for optimal protection.
  
  A deed is no more than a legal instrument commonly used to transfer title and the bottom line is that anyone can steal anything at anytime for any reason by any means.

• 
  oroper5th July, 2006

  Very Good Example. LOL

• 
  roboxking5th July, 2006

  The question was protection from a third party and Not from the seller. The question was to assign a contract ---
  
  Recording the contract will cloud title and have the same effect that most ppl try to pull with a deed.
  
  Besides, even if you go record the deed another deed can be forged. The bottom line is that a theif is a theif.

• 
  charlotteinvestor6th July, 2006

  a theif may be a theif, but the first theif to record is the first theif that wins.[ Edited by charlotteinvestor on Date 07/06/2006 ]

• 
  roboxking6th July, 2006

  I never disagreed that a deed is the most ideal thing to do. Obviously it is. I was answering his/her question on assigning a contract. --
  
  Most ppl will not voluntarily sign a deed unless you give them Uhaul money+ but are often willing to sign a contract w/out a deposit.
  
  The forgery thing came up because a reputable investor will not "steal" a deal in the same way that an honest person will not commit fraud.

• 
  cjmazur17th November, 2007

  look into non-circumvent agreement as a means of protection.
  
  google non-circumvent non-disclosure
  
  I have a potential partner sign one before I disclose any sidnifican deal points.
  
  Can it be breach yes
  do I then have recourse? Yes.
  Can they play games w/ what entity is signing v. buying Yes.
  
  But it provides better protection than nothing.
  [ Edited by cjmazur on Date 11/21/2007 ]

• 
  cjmazur18th November, 2007

  Aaliyah,
  
  you can lock-up the property/deal by using an option (costs a little $$) or put it under contact which "costs" a refundable ernest money depost.

• 
  toobizee21st November, 2007

  record a memorandum of contract or record your option to buy the property - you will create a cloud on the title that will need a release to close - hence your protection

• 
  Aaliyah26th November, 2007

  Thank you all for your ideas and thoughts. I learned a new things.

• 
  cjmazur1st February, 2008

  Did anyone mention a non-circumvent agreement?