All Forum Posts by: Alex Locklear

sorry didn't see Josh' post.

Justin awesome stuff. What a first deal! and then not a shabby second one not too long after...

Justin, if you don't mind, what were some of the most significant changes you made or learned that allowed you to close 2 back to back deals?

Thanks again!

How many did you have to try before the 2 got accepted?

Great! Thanks so much.

My offer to purchase price is going to be less than what I'm going to have it be listed for.

Will the lender not notice that what I'm offering on the property and what we are trying to list it for are completely different?

I have some properties out of state that are short sale candidates and I plan on putting them under contract.

Since I don't know anything about these markets, I plan on finding an agent to work with me (i.e. list the property that I will have under contract, determine market value, etc).

When you submit your short sale package, do you include a listing contract to show the lender that the property is being actively marketed? Will it matter that what I want to put it under contract for and what the listing contract says is different?

Thanks for any help involving this; I'm trying to figure out the easiest way possible to do out of state deals.

Is it worth trying to flip short sales already on MLS? Often times it just says "short sale possible" and no negotiations have begun.

Anyone think these are worth while?

Nobody??

So a buddy of mine was explaining a way he thought I could avoid title seasoning on double closings.

He said what I should do is transfer the property to a land trust with the sellers as the beneficiary & my agent as trustee...I could then give an affidavit of trust to the FHA lender and it shows that the property essentially didn't change hands..

I would also get an assignment of beneficial interest from the seller, that document doesn't ever get filed (or exercised) unless I would need it, like if someone is questioning ownership.

Since my agent (attorney, REagent, best friend, whatever) is the trustee, they handle the sale and distribute the funds..

Anyone ever heard of this?