I Do Not Want To Make This Confusing
Hell-o all
I was wanting to get out there a start making money in pre-forclosures...But I'm kinda confused on the paper work issue ...I'm going to be getting poeples houses deeded to me and quickturning them it's my understanding that I only need...1) purchase and sale agreement, 2) warranty deed, 3) cya letter, 4) authorization to release info, 5) power of attorney, 6) the one that says how much I'm give the seller after I sell the home...
Is that about it or do I have to do the whole land trust thing...Is that only when I plan on keeping and renting the property out ...Any help would be very helpfull..this is the only thing stopping me from doing major marketing,,( kinda scared of not getting the right forms filled out.....) thank you for your help......MD
Just a suggestion.
You may want to have the buyers from you set up a finders fee for you, (the equivilant of what you were selling it to them) This way, you don't have to deal with ANY of the legal work. no attorneys fees, no purchase and sales, no subject-to's, and best of all, less to worry about. Let them take care of all that stuff, until you are sure and comfortable with what you are doing.
Eric
[addsig]