All Forum Posts by: Dwayne Poster

I would request the previous years tax filing for the property.

seller financing won’t affect a listing agreement. You might consider that in your offer.

I disagree completely. If you contracted for vacant possession and the seller can’t deliver, they pay. I had the exact same thing and charged the seller the rent as penalty, until it became vacant for a close.

Unfortunately, you hooped yourself with the ‘or’ clause. Who advised you on that. All they need to do is have the tenant resign the lease, and your a landlord.

Municipality will have a tax list, but not foreclosure and probate as those are personal matters. For those you visit the courthouse. Preforeclosure really isn’t a thing, but a concept

They all will as it’s the most common agreement

The lender will have a sales policy, laid out in a bid document, made available to person interested in making offers. They will spell out what they will provide on the sale. In my area it’s common to cleanse the title, specify deposits and timing, and reject all conditions, selling as is. Locate a foreclosure listing and ask for the bid document.

As foreclosure is a legal process, you should become familiar with the  laws that regulate the process. This will give you ideas to strategize your participation. Otherwise, it’s just another property.

presumed death generally requires a 7 year absence, and a court declaration. An Executor must make reasonable attempts to notify beneficiaries. Public postings in locations that may have been frequented by the individual may suffice. Governmental declarations generally suffice. The process of probate must satisfy the court that such matters are being addressed.

There are numerous case studies on the subject, as each case has it's own  peculiarities.  

I’ve found that most professionals respond well to intelligent questions. As you develop skills, seek resources that match your inquiry. A skilled practitioner will provide you guidance when they identify the need, and will measure the response. That need is valued by the thoughtfulness of the query and your ability to understand the response. 

One thing for sure that will capture an investors attention, is if you can bring them valued prospects. Your ability to identify need should come early in your career.