All Forum Posts by: Anthony Clayton

Joe,

Glad I can help. This is a great site and you will learn alot

Sometimes I do sometimes I don't depends how good of a deal is it. The better the faster I want to tie up.

Its about 50/50

because they feel that

A. the short sale seller is in disstress and therefore doesn't make good financial decisions

B. The short sale bank is not aware of the transaction

Cucaloco,

No, a land trust is a document not an entity

All,

If you want a copy of my land trust email me. I have got approval from my real estate attorney (he is the one that created my trust). I cannot give it to no more that 10 people per his request.

It is a about 600 pages of rules about forclosure laws. I have asked my attorney to email me the link, so I should be getting that to you guys soon.

Joe,

You set up the land trust at home, at the park, where ever you like. It does need to be notarized but only after the sale (The cash investor only does this).

No it doesn't get recorded with city, county, nor the state. That is the reason people use land trust it is to hide ownership, if you record it; it wouldn't be so private.

Don't get it confused with a living trust. A living is recorded.

I like Fontana because I have a nice cash flow in my Fontana properites...lol

One I got from a REO agent before she listed it. The other two were from the MLS

I have been seening alot of post of how to do double close in CA.

YOU CANNOT OR YOU WILL BE IN JAIL

Detectives label this transaction as "you a perpitraitor". You will be in prison 5-10 years even on the first offense.

As you know they do not like us investors, so they have made a rules on short sales. Short sales are a dangerous game.

To make it easy if you do a SS keep it for CASH FLOW ONLY. Because even if you flip it after 90 days the seller can still go after you.

You want less headaches not more.

REO, and no your cash investor paid all cash for the deed. So there is no transfer of deed without a sale.

You can do this on Short Sales also

Erica,

Real Estate you will learn something new everyday no matter how seasoned someone is.

I am glad I can be helpful