Sample Contracts For Subject To?
I have purchased and downloaded a number of sample contracts, P/S agreements, options, etc., but none appear to apply specifically to subject to deals. It would be very useful to see an example of a contract (purchase and sale would be best) that has been specifically drafted or modified for a subject to transaction.
Ideal would be an actual contract, with all information filled in, but names and addresses changed to protect identities. Anyone know where to find such a document?
Thanks,
-K2K
Probably need to ask the people involved for a copy of their specific private personal contract containing all their private contractual information containing the transfer of their private personal property.
See what I mean????
John (LV)
you not thinking about sentimental value too. someone may not move even if you offer 200K.
hey, if you can file bankrupcty if you fail, and dont have a family to support and potentaily a lot of money to make, go for it
Another good point loandude!
I understand people would imagine that there would be a sentimental value in the area and I can respect that! So how about this... How about I give the long term residents first choose to any home in the area after the project is completed, on a rent to own contract for the same amount some of them were probably paying for rent? No qualifying needed for those who have lived in there house 3 or more years.
Sound like a good ideal? Iam financing the project out of pocket so my contract with them will be solid! As for those homes that the land owners arent willing to sell, then the owner will be pressed to rehab or redo the home after the project is complete because there will be nothing but new houses around there house that is being given away on a rent to own contract for the same amount of a regular rental payment so if there home is not an owner occupied home he/she will be pressed to lower there asking rental rate to a very low rate to even stand a chance of getting rented over one of my houses! If it is owner occupied then maybe he/she may do some improvements to there home which in return helps me still reach my long term goal of improving the area and bringing up the value!
[ Edited by 5MILLIONMORE on Date 05/25/2006 ]
any luck on this deal?
Would it be possible to buy on a contract for deed and then sell on a contract for deed?
Talk about misleading. This is not something that just happened. There are no footsteps to follow. In Louisiana, they have been under French law since 1803. Tn is Tn. If states could do what they want, medical marijuana would be legal and segregation would probably still be rearing its ugly head in the South.
As to NC, the legislation outlaws subject to unless you are a realtor, and exempts the land trust -- see HB 725.
Wiz
not a lawyer
_________________
"He not busy being born is busy dying" - Bob Dylan
[ Edited by mtnwizard on Date 07/21/2006 ]
This is still America and anyone has the right to express their opinion, even those who know very little. I always post a disclaimer re not being a lawyer. However, my legal experience and training in contract law, make my opinion worthwhile to those who know me.
Here it is: You interpret it: HB725
b) This Article shall not apply to the following:
(1) Any real estate resale transaction exempted from the preemption provisions of the due on sale clause prohibitions pursuant to 12 U.S.C. § 1701j‑3(d).
That specifically means "land trusts".
Peace.
Wiz
a lawyer I am not
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No one said anything about the states doing whatever they want. But the states do have power to make their own decisions in many areas.
Last time I checked, LA was one of the 50 states. Oui?
And TN is TN? WOW! What a profound statement. Sounds just like the answer someone well-versed in contract law might utter. Kudos! *clap, clap*
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