All Forum Posts by: Guy Anthony

yes, terms have been broken--plus i have a promissory note signed by him attesting he is the owner--but he is not
i was not at the closing and the deed of trust was prepared by an attorney for the title co.
how can i start the foreclosure process?

i have been told by other investors who have dealt with him that he has done this before--this is a cash deal
i am not certain about anything at this point--
but i DO need to be proactive now--
im afraid if i go to DA then he will freeze everything and tie this up forever---but i may have no choice

hope you guys can help-
i signed a deal in dallas tx for a rehab-- i received a deed of trust, contract for RESALE, and appraisal for rehabbed value, as well as deed of ownership showing rehabber as owner(i am NOT on the deed) --
property was supposed to be done and closed in september--
i am finding out that contract and appraisal are fraudulent! everything i have is notarized and signed by this rehabber who claims to own the property but i doubt even that now--
he is still promising me return, but at this point, i need to do something-i am not in tx--can i go to district attorney in dallas? what is my recourse?
is anyone out there an attorney in this area who is interested in taking this case? i have over 200k in this project

thank you in advance

tax lien being taken care of at closing of sale to end buyer-
no other liens--

deed of trust--thats the magic phrase i was looking for!
thanks so much jon--
i will have attorney prepare that for amount of loan

house has a tax lien of 140k--
appraised at 650k AFTER rehab-
200k is my loan to him for rehab--just want to make sure that if rehab doesnt get done then i can put a lien on the property--make sense?
thanks

thank you- but maybe im not being perfectly clear-
an associate of mine OWNS the property already--he has been rehabbing it to sell and needs more rehab capital--i am going to give him that capital, BUT, i want to be secured in case anything happens and he cant complete the rehab--i dont want just a promissory note, i want to be a lien holder on that property with the stipulation that if he doesnt finish the rehab and close on the sale to the end buyer, then I can take over that property--
hope this helps--
thanks so much

can someone please clarify exactly how to secure a property with my name on the title that i am investing in--i am providing the capital for rehab, we have a contract for sale to end buyer--i want to collateralize my capital with the property--there are no other liens on it-- how do i do this? doesnt the title co. just put my name on the deed? i've heard so many different terms thrown out there(deed of trust, real estate lien note) please help--thanks so much!

anyone ever do business with HIPP CAP in denver? they supposedly buy fix and rent properites

thank you all for your input-- heres the story
i signed a contract to buy land and have someone already who offerred to buy it from me---i DONT wanna double close-- the end buyer is paying all cash for the land and i am ASSIGNING the contract to him--
NOW, is it fair to ask for MY assignment fee UP FRONT; or is proper protocol to just take some earnest money (made out directly to me) and the rest at closing? i want to be fair here but dont want to get beat either-
also,if end buyer walks out on contract am I responsible for fulfilling that contract?
thanks!