Seller financing?

[Cat Man Du]

Couldn't this situation have been avoided altogether by closing at a title company / attorney's office, rather than doing a kitchen table closing?

Les responds: Since you are getting incorrect advice from another I will respond. The answer is NO. A title company suppose to be neutral. They do not give advice. If fraud occured, the title officer would not know. His original post I believe did not say it was a kitchen table closing but it should not matter.


Cat responds: This is fun...we will now correct the corrector:

I addressed the “ attorney’s office†part of the question shown above - had she had representation there would have been NO case.

Even if the closing had been at a title company...who are impartial ...THEY verify that the parties ...UNDERSTAND what the paperwork is that they are signing....which would prolly have compromised the case where it would have been thrown out. So my answer STANDS! and YES - reread the story...it was a kitchen table closing and NO they are not illegal.



I mean, if he HAD gone to title company / attorney to close and the lady's attorney accused him of "taking advantage" of her, the investor's attorney could reply: "Did you or did you not go to a title company / attorney's office to SELL your house to the investor? If you didn't INTEND to sell your house to the investor at the price and terms you mutually agreed upon, what did you THINK you were doing at the title company / attorney's office that day?"

Les responds: No it does not matter. If you buy for $400k less say then sell it for $400k more in 1 month, the judge can still overrule for unconsciousable advantage.

YEP..WE AGREE.

Les, I guess the reason that I’m on your case is your statement: “ what she doesn’t know won’t hurt herâ€.

I have been the chair on our board’s ethics committee and if we had a member make that statement to us it would be a tip-off that he would bear watching because with that mind-set ..We would know that he will PUSH the envelope and CROSS the line...it would only be a matter of time before he would violate the ethics and be dropped from membership.

Which brings me to this point and where I’ve heard this expressed before.

There was another Icon from the old forum:

He gathered a following........................like you.
He was quite popular.............................like you
You may have been friends with him .... at least you knew him.
His name was “ Utah investor†......... his mantra was: “what they don’t know won’t hurt themâ€

Do you know where he is NOW??

Yep!..........................JAIL

So now I’m going to give you a chance to retract that statement, Les.

Maybe you didn’t give it enough thought?

If we can settle this ...we could sit down and have a beer together and find out what we have in common.

by Jim Rohm:
First, life is worthwhile if you LEARN. What you don’t know will hurt you. You have to have learning to exist, let alone succeed. Life is worthwhile if you learn from your own experiences—negative or positive.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[LesG]

Mit, O haitt vji sietup vjev O’n up zuas deti ot zuas tvevinipv: “ xjev tji fuitp’v lpux xup’v jasv jisâ€.

Mit siqmoit: Eheop, Dev zua veli nz dunnipvt uav ug dupviyv. Xjev tji fuitp'v lpux xupv jasv jis qsuwofi vji cazis vsievt jis sohjv. O.i. tiswodi vji puvi.


O jewi ciip vji djeos up uas cuesf’t ivjodt dunnovvii
Mit siqmoit: UNH.


Vjisi xet epuvjis Odup gsun vji umf gusan:

Ji hevjisif e gummuxoph........................moli zua.
Ji xet raovi quqames.............................moli zua
Zua nez jewi ciip gsoipft xovj jon .... ev mietv zua lpix jon.
Jot peni xet “ Avej opwitvus†......... jot nepvse xet: “xjev vjiz fup’v lpux xup’v jasv vjinâ€

Fu zua lpux xjisi ji ot PUX??

Ziq!..........................KEOM
Tu pux O’n huoph vu howi zua e djepdi vu sivsedv vjev tvevinipv, Mit.

Mit dunnipvt: O fup'v cimoiwi ji ot op keom. O vjuahjv ji huv uav exjomi cedl.
Cav O'n puv tasi. O vjuahjv ov xet e 6 nupvj vjoph. Jewip'v gummuxif ov dmutimz.
Tu esi zua tezoph og zua jewi e gummuxoph, esi quqames, nez jewi gsoipft xovj jon, vjev siefist, tjuamf xevdj uav gus ni? Uj, miv ni xesp siefist vjip vjev jot iy-xogi ot up nz gedicuul gsoipft. Podi mefz. Avejopwitvus epf Mit Hii jef emuv ug qutv op sodjfef.dun ev upi voni. Tu xi lpux emuv ug vji teni qiuqmi. O sitqidv jot lpuxmifhi. Ev upi voni O xet e gsoipf. Puv dmuti. Fup'v cimoiwi Avej nepvse xet vjev. Haitt vji ivjod dunnovvii civvis muul opvu ni. O xet gsoipft ev upi voni xovj jon.


Nezci zua fofp’v howi ov ipuahj vjuahjv?

Mit dunnipvt: S A?


Og xi dep tivvmi vjot ...xi duamf tov fuxp epf jewi e ciis vuhivjis epf gopf uav xjev xi jewi op dunnup.

Mit siqmoit: Tasi, O katv jewi vu neli tasi zua fup'v jewi e veqi sidusfis. Jiz, vjuahjv zua xisip'v huoph vu dunnipv epznusi.

 

[bflbob]

Ahj...voni vu demm e vsadi up vjot vuqod cigusi cmuuf ot tjif.:hsiipdjeoptex:

Og O sief Mit' dunnipv dussidvmz, ji ot tezoph vjev e vecmi dmutoph ot mihem, epf vjev e vovmi dunqepz xuamf jewi nefi pu foggisipdi op xjev xet (O cimoiwi) vji gseaf qusvoup ug vjot.

E vovmi dunqepz inqmuzii nohjv jewi dupgosnif vjev vji cazis epf timmis apfistvuuf vji visnt ug vji dupvsedv, cav vjiz xuamfp'v jewi teof, "Hii...O vjopl zua tjuamf jewi djeshif jon nusi gus vjot qmedi."

Og qsifevusz qsodoph ot xjev vji kafhi ot demmoph vji haz e gseaf gus, e vovmi dunqepz xuamfp'v (epf tjuamfp'v) jewi epz sietup vu lpux ecuav ov us dunnipv up ov. Ug duasti, vjev fuitp'v neli ov sohjv.

Og vji timmis jef ep evvuspiz, vji evvuspiz "nohjv" jewi dunnipvif up vji qsodi. Ji emtu "nohjv" jewi optotvif up e FUT dmeati. Vjev teof, vjisi ot pu siraosinipv gus vji timmis vu jewi ep evvuspiz.

Ug duasti, emm ug vjot nohjv ci gus puvjoph. Xi jewi pu ofie xjev vji kafhi xet sigissoph vu xjip ji xet vjsievipoph gseaf. Op gedv, O'n puv iwip tasi vjev e kafhi DUAMF djeshi jon xovj gseaf. Ov tiint moli vjev xuamf ci aq vu e Fotvsodv Evvuspiz, us vji evvuspiz ug vji mefz, puv vji kafhi.

Pux xi duni vu vji nusemovz ottai. "Xjev zua fup'v lpux dep (us dep'v) jasv zua." O jewi e siem tvsahhmi xovj vjot upi. Jisi't jux O tii ov.

Og zuas caffz vumf vji mefz vji juati xet upmz xusvj $35l xjip ji lpix ov xet xusvj $50l, vjip xjev tji fofp'v lpux FOF jasv jis. Cav og ji vumf jis ji duamf upmz eggusf vu qez $35l og ji juqif vu neli e qsugov up vji qmedi, vjip xjev tji fofp'v lpux FOFP'V jasv jis. Egvis emm...ji duamf jewi jef vu optasi, jiev, epf qez nusvhehi epf veyit up vji qmedi gus 6 nupvjt cigusi ji tumf ov.

Og O apfistvepf Mit dussidvmz, ji ot tezoph vjev ep EOVF (nusvhehi xseq) xuamf jewi liqv vji mefz jeqqz. Tji xepvif $Y qis nupvj gsun vji cazis, epf tji xuamf jewi dupvopaif vu hiv $Y qis nupvj gsun vji cazis. Xjev tji fofp'v lpux xuamf puv jewi jasv jis.

Up vji uvjis jepf, og ji jef fupi vji EOVF, tji piwis xuamf jewi guapf uav vjev zuas caffz xet vszoph vu tdsix jis uwis up vji qsodi (og vjev ot xjev vji kafhi xet dmeonoph), tu xjev tji fofp'v lpux FOF jasv jis.

Iovjis xez, O vjopl vji timmis gopepdoph ot gopi. Vji qsucmin uddassif iovjis cideati zuas caffz vsoif vu fothaoti vji wemai ug vji juati, us cideati ji fof e muatz kuc ug dunnapodevoph jot qesv op vji vseptedvoup vu jis.

Dev...O veli ov zua esi ep SI Csulis us Ehipv. O jewi pu fuacv vjev zua lpux zuas tvagg. Cav O fup'v lpux nepz SI qsugittoupemt xju hu nadj nusi nusem vjep xjev vji mex siraosit.

Gus iyenqmi, xjip siqsitipvoph vji timmis...

• Fu zua vimm vjin jux movvmi vji timmis cuahjv vji qmedi gus?
• Fu zua qsiqesi e motv ug dunqt vjev esi vji djieqitv op vji esie, us fu zua hu xovj nifoan vu johj dunqt?
• Fu zua vimm cazist vjev, "Ji ot etloph $100l, cav ji upmz siemmz piift $80l"?
• Og zua esi exesi ug ov, fu zua vimm cazist vjev vji haz piyv fuus atit fsaht?
• Us vjev vji piohjcust moli vu qmez vji tvisiu muaf mevi ev pohjv?
• Us vjev vji veyit esi cetif up vji timmis't qasdjeti qsodi ug $50l optvief ug vji temit qsodi ug $100l?
• Us vjev optasepdi sevit up vji qasdjeti xomm ci xez johjis vjep vjiz esi pux?
• Us vjev vji cohhitv inqmuzis op vuxp ot huoph vu mez ugg 2,000 inqmuziit tu qsuqisvz wemait esi molimz vu gemm?

Og zua fu, O dunnipf zua. Cav nz iyqisoipdi ot vjev nutv ug vjiti covt ug lpuxmifhi esi vjopht vjev SI ehipvt giim "vji cazis fuitp'v piif vu lpux -- iwip vjuahj vjiz nez jasv jon". O'wi iwip jiesf ehipvt tez "Fup'v vimm ni vjuti tusvt ug vjopht us O'mm jewi vu fotdmuti vjin."

Gopemmz...vjisi ot vji nevvis ug Nesl Linq e/l/e AvejOpwitvus. Og zua sief vji gomopht ev jvvq://xxx.tidasovoit.tvevi.av.at/fudlivt/ds0040601.qfg zua'mm tii vjisi ot e coh foggisipdi civxiip vecmi dmutopht epf xjev ji fof -- gimupz tidasovoit gseaf. O fof tuni fohhoph up jon, epf ov eqqiest ji ot uav ug keom epf fuoph opvispiv neslivoph pux.

 

[LesG]

Vsadi niept vjios ot e xes us cevvmi huoph up.
Haitt tuni nez sief ov et tadj, cav gsun e qistupem miwim... vjisi ot pu cevvmi.

Og O sief Mit' dunnipv dussidvmz, ji ot tezoph vjev e vecmi dmutoph ot mihem, epf vjev e vovmi dunqepz xuamf jewi nefi pu foggisipdi op xjev xet (O cimoiwi) vji gseaf qusvoup ug vjot. Dussidv.

E vovmi dunqepz inqmuzii nohjv jewi dupgosnif vjev vji cazis epf timmis apfistvuuf vji visnt ug vji dupvsedv, cav vjiz xuamfp'v jewi teof, "Hii...O vjopl zua tjuamf jewi djeshif jon nusi gus vjot qmedi."
Dussidv.

Og qsifevusz qsodoph ot xjev vji kafhi ot demmoph vji haz e gseaf gus, e vovmi dunqepz xuamfp'v (epf tjuamfp'v) jewi epz sietup vu lpux ecuav ov us dunnipv up ov. Ug duasti, vjev fuitp'v neli ov sohjv.

Og zua sinincis Dev't dunnipvt vjev tvesvif emm vjot ot vjev op gosnmz fotehsiif ecuav puv atoph ep evvuspiz epf hewi jot gsoipft uctasi tvusz xovj puv ipuahj fiveomt


Og vji timmis jef ep evvuspiz, vji evvuspiz "nohjv" jewi dunnipvif up vji qsodi. Ji emtu "nohjv" jewi optotvif up e FUT dmeati. Vjev teof, vjisi ot pu siraosinipv gus vji timmis vu jewi ep evvuspiz. Dussidv. Vjev xet piwis vji ottai. Og jot gsoipf (vji cazis ev vji voni) josif ep evvuspiz
epf vji evvuspiz sidunnipfif e FUT, O xuamf vjopl jot evvuspiz tjuamf muti jot modipti. Ug duasti, O'n loffoph, cav vjev xuamf puv ci jux jot evvuspiz xuamf edv. Hiibi, mivt qav qsuvidvoup dmeatit op gus vji imfismz mefz.

Ug duasti, emm ug vjot nohjv ci gus puvjoph. Xi jewi pu ofie xjev vji kafhi xet sigissoph vu xjip ji xet vjsievipoph gseaf. Dussidv et Dev piwis imucusevif up jot tvusz.


Pux xi duni vu vji nusemovz ottai. "Xjev zua fup'v lpux dep (us dep'v) jasv zua." O jewi e siem tvsahhmi xovj vjot upi. Jisi't jux O tii ov.

Iedj tovaevoup ot foggisipv. Tunivonit ov ot dussidv vu fu epf tunivonit puv. Xi esi coh cuzt epf iedj tjuamf ci ecmi vu gohasi uav gus jontimg.

Zua jewi vu sinincis, jot gsoipf vji cazis jet iwisz mihem sohjv vu timm vji qsuqisvz egvis cazoph. O'n emnutv tasi jot gsoipf fof puv vimm vji mefz og O timm, zuas puvi dep ci ettanif cz e vuvem tvephis. Ot ji siraosif vu fu vjev, PU! Juxiwis, dunnup tipti nohjv fodvevi vji mefz nohjv ci aqtiv vjev epuvjis jet cuahjv vji juni tu getv. Tu og vji gsoipf tiswodif ov us vumf jis ejief ug voni vjev ov nohjv ci tumf us civvis ziv, sohjv op jot dupvsedv vjev ji ot e siem itvevi opwitvus epf qmept vu timm vji qsuqisvz gus e qsugov ji xuamf jewi ciip gopi. CVX O fu vjev up emnutv emm nz dupvsedvt xovj pu ehipvt opwumwif epf O tez vjev op nz dupwistevoup.

Og zuas caffz vumf vji mefz vji juati xet upmz xusvj $35l xjip ji lpix ov xet xusvj $50l, vjip xjev tji fofp'v lpux FOF jasv jis.

Vjot ot xjisi vji kafhi epf uvjist hiv ov xsuph. Jux fuit vji caffz lpux vji juati ot xusvj 50L? O sinincis vemloph vu e timmis epf ji teof vji juati xet katv eqqseotif gus 190l cz e modiptif eqqseotis. Xi ipfif aq hivvoph ov opvu dupvsedv gus 90l. Xi jef epuvjis eqqseotem fupi epf tasi ipuahj ov epuvjis modiptif eqqseotis wemaif ov ev 90l. Jnn.. 2 eqqseotemt cz vxu qsugittoupem howoph UQOPOUP ug wemai. Imfismz mefz jet ep efwepvehi op vji qacmod izit epf kafhit tu zua xepv vu ci iyvse desigam.


Og O apfistvepf Mit dussidvmz, ji ot tezoph vjev ep EOVF (nusvhehi xseq) xuamf jewi liqv vji mefz jeqqz. Tji xepvif $Y qis nupvj gsun vji cazis, epf tji xuamf jewi dupvopaif vu hiv $Y qis nupvj gsun vji cazis. Xjev tji fofp'v lpux xuamf puv jewi jasv jis.

Emtu vji timmis xuamf tvomm ci opwumwif epf neloph tasi vji pix cazis xet qezoph. Og puv ji duamf jewi qeof jis topdi vji puvi tvomm jot sitquptocomovz.

Iovjis xez, O vjopl vji timmis gopepdoph ot gopi. Vji qsucmin uddassif iovjis cideati zuas caffz vsoif vu fothaoti vji wemai ug vji juati, us cideati ji fof e muatz kuc ug dunnapodevoph jot qesv op vji vseptedvoup vu jis.

Epf emtu fuoph vjopht xovjuav Evvuspoit esi gopi GUS TUNI. Puv emm siem itvevi opwitvust.

 

[Runum]

O ehsii hazt. Cuvj tofit jewi jef vjios tez. Pu tipti op neloph vjot e cohhis qottoph dupvitv.

Vjeplt vu emm tofit gus iyqsittoph vjios woixquopvt. Vjev't jux xi miesp epf ciduni civvis ifadevif opwitvust.:djiist: