Are you kidding me?

---

Posted by Edward Nolan (Ohio) on December 17, 2002 at 00:49:54:

In Reply to: Is it fair?? posted by Ward-CA- on December 16, 2002 at 10:02:35:

Ward,

When I responded to dc-indiana, it was a responce based on what dc-indiana was indicating. If you re-read the post it was all speculative. It was a big IF, and dc-indiana never said there is currently anyone willing to give the title now! dc-indiana said dc-indiana would like to get into the game of pre foreclosure, and not that there was a pre foreclosure lined up to give dc-indiana a title.

Anyway, the reason I to do a lease option was to hopefully iliminate the thought of dc-indiana having to give any large amounts of money, like some people may do. It's a give and take kind of way of getting around things.

However, if a pre wants to hand over title than i agree to taking it, only after I become satisfied about information like liens etc.

As for the lopsided split; if the pre in your case is giving you the title, why give them any of the net? My suggestion was to simply be kind and to say that you don't really have to do a 50/50 split, you can really do any kind of split even if it is lopsided in your favor. After all, isn't buying pre's or foreclosures in your favor anyway?

Ed

Follow Ups:

• C'mon, you know I'm not kidding. - Ward-CA- 11:10:48 12/17/02 (1)
  • Judegement calls. There's always those who complain - Edward Nolan (Ohio) 11:18:40 12/18/02 (0)

---

Name    : 
E-Mail  : 
Subject : 

Comments:
: Ward,

: When I responded to dc-indiana, it was a responce based on what dc-indiana was indicating. If you re-read the post it was all speculative. It was a big IF, and dc-indiana never said there is currently anyone willing to give the title now! dc-indiana said dc-indiana would like to get into the game of pre foreclosure, and not that there was a pre foreclosure lined up to give dc-indiana a title. 

: Anyway, the reason I to do a lease option was to hopefully iliminate the thought of dc-indiana having to give any large amounts of money, like some people may do. It's a give and take kind of way of getting around things.

: However, if a pre wants to hand over title than i agree to taking it, only after I become satisfied about information like liens etc.

: As for the lopsided split; if the pre in your case is giving you the title, why give them any of the net? My suggestion was to simply be kind and to say that you don't really have to do a 50/50 split, you can really do any kind of split even if it is lopsided in your favor. After all, isn't buying pre's or foreclosures in your favor anyway?

: Ed


Optional Link URL : 
Link Title        : 

Foreclosures Section

Foreclosure Help

Foreclosure Investing

Real Estate Articles

Our Site Resources

Discussion Archives