Posted by Paul I have read many books. I have attended seminars, even purchased a couple of houses with no money down using completeley differet methods. The one problem with all of the courses is that they really don't explain the steps regarding paperwork right after acceptance. If I get a seller to agree to the terms that I want and hav him sign the contract for deed, what exactly do I do? In other words, closing won't be until the date specified in the contract which I know should be as far out as possible. I will be looking for a buyer duing that time period. How does it all play out after I find a buyer? I assume that I would structure the deal to close on the same day for the first closing and the second closing you are discussing is when the buyer refinances, but I am not sure. Do you end up with the buyer and seller in the same room at closing? Obviously, the title company will be there to make sure everything is legal, but I don't want to end up at the closing table when a problem arrises. Please give step by step detail of what you would do after getting someone to accept a contract for deed and as well after you find a buyer. (only where paperwork is concerned and recording of course) - I can handle the sales and marketing side myself, just want to make sure that all the paperwork is legal. One more question, what do you do if the person you fnd to buy your house wants to purchase it sooner than the closing date you agreed on with the original seller? Obviosly you could contact the seller and let him know that you can close sooner if acceptable to him, but does your contract have anything convering this? Sorry if I have asked to many questions, but this is the only real problem I have with using this type of financing. Fear of making a mistake with the paperwork. P.S. I did purchase your tape. Not just looking for free info here.
on 12/21/2003, 4:22 pm
205.188.208.134
George,
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