House Lead Or Contract?

Hi

I just gave an investor all information on a home about to go into foreclosure in a few weeks. He just e-mailed me asking if I gave him a lead or a contract. What's the difference? I did not send him any contract yet. Thanks in advance. confused

Comments(2)

  • DavidBrowne10th September, 2003

    Cathy,

    It sounds like he wants to know if you have a purchase agreemeant with the owner.
    You have a lead Name + info. You should get an agreement with your investor so you both know what to expect

  • Cathy10th September, 2003

    Thanks for the quick reply David.

    I guess it is a lead because that's what we would normally give out; name, info, etc. Just got confused when he asked about the contract part and we never do anything else with the seller but get info.
    Thanks again.

    Cathy

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