Fill out your own land contract (aka - contract for deed) with RocketLawyer here: http://retipster.com/contractfordeed See the full blog post here: http://retipster.com/closing-in-house-seller-financing There are a number of different financing "instruments” that can be used to close a seller financed transaction, but the Land Contract (sometimes known as a “contract for deed,” "articles of agreement for deed," "land installment contract", "bond for title" or “installment sale agreement”) is what I use in most of the states where I work. A land contract isn't necessarily the right document to use in every state (because some states have laws and statues that make it a difficult type of document to work with in the foreclosure process), but in many areas, it's a perfect fit for a seller financed real estate transaction. In the states where it is used, there are some variations on the specifics of what this document says, but they all accomplish the same general purpose. How Does It Work? With a Land Contract, the seller holds the legal title to the property for the entire term of the loan (i.e. - the deed won’t transfer to the new buyer until after the loan is paid in full), while allowing the buyer to take possession and use the property immediately after signing the land contract. A land contract is typically more favorable for the seller because of the way title is held during the term of the loan, but fundamentally speaking, it’s not a huge variation from what usually happens in a typical lending/borrowing relationship. If you’re financing your first deal, I’d recommend that you take a few minutes to read through this document very carefully. Every state has differences in how this form is written, so it is very important that you understand exactly what you and your buyer are agreeing to. As you read through this document, you’ll see that most of the information isn't surprising – but it will help you understand the responsibilities of both parties for the life of the loan. Note: I have had a great experience with Rocket Lawyer, but your experience may vary. The link above is affiliate link and at no additional cost to you, I will earn a commission if you decide to purchase this particular tool/service. I recommend this resource because it is helpful and useful, not because of the small commission I make if you decide to buy it. Please do not spend your money on this unless you feel it will help you achieve your goals. #rocketlawyer #realestate #retipster #sellerfinancing #ownerfinancing #realestateinvesting
Views: 12734 REtipster
Are you thinking you want to buy a home via rent to own or land contract? Here is some information on the differences and what you can expect.
Views: 266 The Dave Ruwe Homes Team
There are 7 major things you need to know about buying a home on land contract. I cover all 7 in detail in this video. Buying a home on land contract is an awesome alternative to renting, and allows you to own a home without dealing with banks. I explain how to prepare yourself to refinance when the balloon is due.
Views: 9620 Portfolio Loan | Mortgage Guide
Is A Land Contract Still A Viable Means To Purchase A Home? http://rdwaller.com/
Views: 67 Roland Waller
See the full blog post at: http://retipster.com/land-contract-vs-deed-of-trust Something that causes IMMENSE confusion for many land investors is the issue of seller financing. Whenever I talk with other investors around the country, I find that there are two things that continually trip people up: Issue #1: What's the appropriate loan instrument to use in the closing process (Land Contract? Promissory Note & Deed of Trust? Mortgage? Other?) Issue #2: Understanding how the foreclosure process works in each state (Judicial or Non-Judicial? What's the standard procedure? How much does it cost? How long does it take? etc.). These are two separate issues, but they go hand-in-hand for several reasons. The financing instrument used in a seller financed transaction (along with the state's laws and statues that govern these types of financing arrangements) has EVERYTHING to do with how the foreclosure process will work, how easy it will be, and how much time it will take and how much money it will cost. If the borrower ever stops paying - these are some issues you will definitely be confronted with. If you chose the right document, with the right language included, and if the state's laws work in the seller's favor, the process can be relatively fast, easy and inexpensive. On the flip side, if you choose the wrong document, without the right language, and/or if the state's laws don't allow for a non-judicial foreclosure under any circumstance... then the process can be slow, difficult, costly, and if the loan documents weren't drafted properly, it could even be impossible. Why It Matters? Now, it's usually not difficult to understand how seller financing works in one particular state. With a quick phone call to a local real estate attorney, you can get a good feel for what the proper procedure entails. On the other hand, if you're someone who buys and sells properties in several different states (all of which have different laws and statutes), things can get confusing fast - because the rules that apply in one state won't necessarily apply elsewhere. This is why it's important to proceed with caution when you're venturing into the realm of seller financing. Don't try to learn the process in a dozen different states at the same time. Get intimately familiar with how every aspect of seller financing works in ONE state, and once you know it inside and out, THEN you can start exploring other areas. When a seller is offering owner financing for a piece of real estate, there are three potential types of loan documents to choose from: Land Contract (aka - Contract for Deed) Promissory Note & Deed of Trust (aka - Trust Deed) Mortgage What's the right choice for your deal? It depends greatly on where your property is located. Every state has different laws, statutes and procedures to follow in the event that a buyer defaults on their payments. It's also worth mentioning that in several states, some of these options aren't used or recognized in some states at all... so it's important to do your homework and understand the boundaries you need to work within. #sellerfinancing #ownerfinancing #realestateinvesting
Views: 3817 REtipster
http://HouseFlippingDojo.com 1. Learn How to Make Up to $200,000+ Flipping Houses. Sign up to Attend the FREE Webinar Now at http://www.HouseFlippingDojo.com 2. Follow Daniel Wiafe's LIVE daily broadcasts on Facebook Live. Go to this link and click the "Follow" button - http://facebook.com/daniel.wiafe 3. Check out Daniel Wiafe aka the House Flipping Ninja on Facebook - http://facebook.com/houseflippingninja 4. Check out Daniel & Melinda Wiafe on their HGTV show at http://facebook.com/flippingtheheartland or on HGTV's site at http://www.hgtv.com/shows/flipping-the-heartland 5. I Buy Houses in Las Vegas. Sell Your House Fast Las Vegas at http://702HomeBuyers.com Daniel Wiafe is a real estate entrepreneur, coach, TV personality who was featured on HGTV's Flipping the Heartland with his wife Melinda Wiafe & son, Malachi. Daniel got started flipping houses in Tulsa, OK and is now a real estate entrepreneur and a wholesaling real estate coach. Daniel is also a MOTIVATIONAL SPEAKER and a SOCIAL MEDIA MARKETING EXPERT. You may contact him to hire him in this realm as well. In this house flipping & wholesaling real estate educational video, you're going to learn the following: #### Youtube Video: #### My Blog: http://houseflippingninja.com Learn How to Flip Houses: http://www.houseflippingdojo.com
Views: 2218 Daniel Wiafe
http://www.mnhomescontractfordeed.com How to buy a home with bad credit in todays real estate market. Mn homes for sale contract for deed-condos-town homes-real estate by owners-Mn cd homes-land contracts-MN owner financed homes-MN owner financing-MN contract for deed homes-purchase a home with out a bank-Bad credit-luxury homes-lake properties- MN real estate contract for deed-sellers financing-buy a contract for deed home- http://www.mnhomescontractfordeed.com or http://www.nationwidecontractfordeeds.com
Views: 1094 Steve Vennemann
Qualifying for a mortgage isn’t always the easiest things to do. This means people with past credit issues or other credit problems that prevent them from buying a home have no choice but to rent. However, a land contract can be a good option for both buyers and sellers who want to obtain or sell a property without going the route of traditional financing.
Views: 62 Roberto Gonzalez
What is LAND CONTRACT? What does LAND CONTRACT mean? LAND CONTRACT meaning - LAND CONTRACT definition - LAND CONTRACT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A 'land contract' (sometimes known as a “contract for deed,” "agreement for deed," "land installment contract" or an “installment sale agreement”) is a contract between a seller and buyer of real property in which the seller provides financing to buyer to purchase the property for an agreed-upon purchase price and the buyer repays the loan in installments. Under a land contract, the seller retains the legal title to the property, while permitting the buyer to take possession of it for most purposes other than legal ownership. The sale price is typically paid in periodic installments, often with a balloon payment at the end to make the timelength of payments shorter than a corresponding fully amortized loan without a final balloon payment. When the full purchase price has been paid including any interest, the seller is obligated to convey legal title to the property to the buyer. An initial down payment from the buyer to the seller is usually also required by a land contract. The legal status of land contracts varies from region to region. Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual, more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions for a loan from a different "third party" lender, usually a financial institution in practice. When third party lenders are involved, typically a lien called a mortgage or trust deed is placed on the property so that the value of the property is used as collateral until the loan is paid in full. Although most land contracts can be used for a variety of reasons, their most common use is as a form of short-term seller financing. Usually, but not always, the date on which the full amount of the purchase price is due will be years sooner than when the purchase price would be paid in full according to the amortization schedule. This results in the final payment being a large balloon payment. Since the amount of the final payment is so large, the buyer may obtain a conventional mortgage loan from a bank to make the final payment. Land contracts are sometimes used by buyers who do not qualify for conventional mortgage loans offered by a traditional lending institution, for reasons of unestablished or poor credit or an insufficient down payment. Land contracts are also used when the seller is eager to sell and the buyer is not given enough time to arrange for conventional financing. There can be other advantages of using a land contract too. When a third-party lender, such as a financial institution, provides a loan, this third party has its own interests to protect against the other two parties involved, the seller and buyer. Establishing the correct title and value of the property to be used as collateral is important to the lender. Thus, the lender commonly requires title service including title search and title insurance by an independent title company, appraisal and termite inspection of the property to ensure it has sufficient value, a land survey to ensure there are no encroachments, and use of lawyers to ensure the closing is done correctly. These third party lender requirements add to closing costs which the lender requires the seller and/or buyer to pay. If the seller is also the lender, these costs are usually not required by the seller and may result in closing cost savings and fewer complications. It may also be the seller's position that if the buyer requires any of these services, he could pay for the costs and make arrangements himself. For properties where only relatively undeveloped land is involved and if the seller is willing to finance, the price of the empty land may be so low that the conventional closing costs are not worthwhile and can be an impediment to a quick, simple sale. Easy financing and a simple sale transaction may be a good selling point for a seller to offer a buyer. A land contract is a unilateral contract and cannot be assigned to another buyer without the consent of the seller providing the financing. Because of growing concerns, the Consumer Financial Protection Bureau (CFPB) is considering regulating these real estate sales. In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records office of the county where the property is located. While the seller loses title, the seller retains a vendor's lien in the property for the outstanding balance of the contract.
Views: 1019 The Audiopedia
Follow Nick on twitter @NicholasCoriano see land for sale at Homeskape.net see land blog at Homeskape.com
Views: 306 Nicholas Coriano
Contract for Deed VS Owner Financing What's the Difference.....many times I get asked this question and it is a tricky one to answer. Contract for deed or what's known as a land contract is technically a form of owner financing, however it is thought of separately when we talk about and look at the term compared to normal owner financing as how many know it. Contract for deed is similar to normal owner financing or also called seller financing because you are selling the house usually with a down payment and the balance paid monthly. The big difference between contract for deed and owner financing is when the deed transfers. In traditional owner financing as we know it the deed transfers at closing. When you look at contract for deed the deed will not transfer until the last payment has been made to the original seller by the borrower. So contract for deed vs owner financing what's the difference is a video pointing out the difference between the two strategies is when the deed transfers. Learn More About Our Home Study Program: Flip Army - How To Flip Houses The Investor Army Way https://info-investorarmy.clickfunnels.com/product-page18241012 Contact us at: [email protected] For More Resources And Opportunities To Take Your Business To The Next Level Go To…… http://www.investorarmy.com/ Visit Our Other Youtube Channel “Investor Army Podcast” For More Videos By Connor Himself https://www.youtube.com/channel/UCmayBtBkxyNVEu5YPNwm2mg Follow Us On….. Facebook: https://www.facebook.com/InvestorArmy/ Twitter: https://twitter.com/Investorarmy Linkedin: https://www.linkedin.com/in/connor-steinbrook-58b2b9a1/ Google+: https://plus.google.com/u/0/108318927307224577838 iTunes: https://itunes.apple.com/us/podcast/investor-army-podcast/id1234085118 Blubrry: https://www.blubrry.com/investorarmypodcast/ Instagram: https://www.instagram.com/investor_army/?hl=en
Views: 4412 Investor Army
http://www.JoeCrump.com/youtube These videos are teaching real estate investing principals that I have never given away like this before. If you aren't watching this series, you are missing out on some very valuable info. I'm also giving it to you in bite sized pieces to make it easier to understand and absorb. Land Contracts (or Contract For Deed if you are in a Trust Deed State) are the way real estate has been transferred in this country since "Little House On The Praire" days. This video will show you what it is, when to use it and why. Read Joe Crumps Blog: http://JoeCrumpBlog.com/ Read the Transcription: Joe: The third one is a land contract or a contract for deed, depending on which state you're in. A land contract is simply an agreement to buy a property at a particular price with a particular interest rate with a particular payment plan over a particular period of years. It's very much the same way that you buy a car -- when you buy a car, you go out and get a loan from a standard lender, they take the title to the car, they hold onto that title and they have an agreement with you to make payments to them to pay off the loan, and as soon as you pay off the loan then they transfer that title to you and then you have that car free and clear. It's the same with the land contract. The seller, the person who's selling it to you, keeps the deed in their name, but they have another agreement with you, which is recordable -- you can take it down to the county recorder and record it -- saying that you're going to buy it over a certain period of time for a certain price and if you fulfill the terms of the agreement, then they're going to deed you that property after its done. So that's another way to buy a property. Joe: They can have underlying mortgages on it. You never want to buy one that has mortgages on it that are more than the land contract. And with all land contracts, it should be standard that they can never finance it above what is still owed or remaining on the land contract, so that you remain safe as the buyer in that transaction. Joe: So when you start getting to this, this is the middle of the transaction, and now it becomes almost as safe for the sellers as it is for the buyer. If you default on this deal, if you're the seller of the transaction, you sold it on a land contract and that buyer recorded that land contract at the county recorder, then you're going to have to go through a judicial foreclosure to get that property back. It's not a problem and in a lot of places it's easier than going through a foreclosure on a mortgage, so it still makes sense for the seller. Joe: But, if you're the seller in the transaction, what you want to do is try not to have that land contract recorded, because a lot of times where we've had people who defaulted on land contracts that we've sold to them, it's been easy to agree with them, tear up the land contract and say, 'That's enough. We're going to put somebody else in that property. We're going to sell it to somebody else. We're going to put a tenant in there. We're going to sell it on a lease option; we're going to sell it outright,' or whatever it is we choose to do, and we can get that property back without going through a foreclosure process, and usually that buyer will allow us to do that without any argument. But if they record it, then you have to get it off the title, so it becomes more complex. So, if you're buying the property on land contract, make sure that land contract is recorded. If you're selling on a land contract, try not to have that land contract recorded. Joe: What we try to do is keep control over that land contract and put it in our files so that nobody takes it down to the recorder and records it. If the buyer really wants it recorded, then we can talk about it and we can do that if they really need that to be done. Joe: So, we've got subject-to, we've got multi-mortgage, we've got land contract -- those are the top three if you're buying a property in the hierarchy of zero down structures. And they give you control of that property in relation to where they are at in the hierarchy; the higher they are in the hierarchy, the more control the seller has in the transaction. http://joecrumpblog.com/when-to-use-land-contracts-to-make-the-deal-safer-and-more-profitable-video-4/?utm_source=Youtube&utm_medium=EndLink&utm_campaign=Youtube130822
Views: 11130 Joe Crump
What is a Land Contract? Land contracts are becoming more and more popular these days. Production Realty is based in Michigan. If your not in Michigan, contact a Realtor for your states specific details.
Views: 6656 Production Realty
http://JoeCrumpBlog.com - Sign up for free real estate investing training with 25 year real estate veteran, Joe Crump. Learn how to build an automated, sustainable, profitable investing business with no down payments and no credit. Discover the most advanced automation software for investors available today at: http://www.PushButtonAutomarketer.com Learn how it will bring you a flood of motivated seller financed leads every single day. Six Month Mentor Program: http://www.ZeroDownInvesting.com “In my market I get a lot of contract for deed clients for both buyers and sellers. I understand that a contract for deed is similar to a land contract. I want to know, do you have any contract for deed assignment of contracts that are available to obtain and what two or three documents are needed to do a contract for deed assignment to set up a deal correctly, assign our interest to the buyer?” If you’re in my mentor program, in the contract zip file you can download an example of a land contract. You can also get those contracts on, just by searching Google you could probably find one that way or you could have your attorney draw one up. Most land contracts are contract for deeds, and contract for deeds by the way is in a trust deed state, land contracts are in mortgage states. So if you know you’ve got mortgages, and you’re in a land contract state, if you’ve got trust deeds, then you know you’re in a contract for deed state. And you can get those, what I would suggest is, when you know you’re going to do a deal like that, you have the attorney draw one up for you, you pay them for it, you have them send it to you on a Word document, so now you’ve got a copy of it that you can modify for future use. If you’re going to assign a deal on a land contract, instead of taking a land contract yourself, and assigning it, you’re going to get a purchase agreement that allows you to buy it on a land contract that is assignable and contingent upon approval by your investor, which is the person you’re going to sell it to. So you get a purchase agreement, it’s going to be assignable, it’s going to be contingent on approval by your investor, and you’re going to be able to have ninety days to close and then you’re going to go out and find a new buyer who’s going to buy it on a land contract and then you assign your right using an assignment form which, again, you can, you can get that online or you can get any attorney to draw it up. Basically it just says, “I’m going to assign my right to buy to you,” and of course, if you’re in the mentor program, it’s in the contracts zip file. And you can assign your right to buy to those people and then they can close the deal between the buyer and seller, usually at a title company where they’re going to get title insurance to close that deal. So that’s the way that would work. The other thing you might want to have is a disclosure form, and I’ve got those in my documents as well. Just make sure that the people know that they’re counting on themselves to, the value and the condition of the property and those types of things to make sure that they’re not expecting you to be their realtor. Make sure that they’re not expecting you to represent them in the deal and that they’re doing their own due diligence. It’s important to have anybody who’s buying from you or selling for you to sign that document so it doesn’t make you responsible for those things. To read the whole transcript and more of Joe Crump's articles, click here: http://joecrumpblog.com/?p=13484
Views: 814 Joe Crump
How to buy a home on land contract... Adam Lesner | Michigan Mortgage Loan Officer | NMLS 198818 A land contract is a way to buy a home when you have a unique scenario, or the property may be unique. The seller becomes the lender. Here are the answers on how to find land contracts, and what to look out for. http://balanceprocess.com/what-is-a-land-contract
Views: 5220 Portfolio Loan | Mortgage Guide
http://www.commercialpropertyadvisors.com/how-to-make-offers-on-commercial-real-estate/ Discover what no classroom would ever teach you on how to make an offer on commercial real estate. You'll learn the absolute essential things you need to make an intelligent offer, including the 4 phases you must go through BEFORE you finalize your offer. Most importantly, the lessons in this video will educate you on how to avoid overpaying as well as the dreaded negative cash-flow scenario that some commercial investors experience when they first purchase. Lastly, you'll get access to a file that step by step, shows you exactly how to make the best offer on any commercial property.
Views: 32194 Commercial Property Advisors
When can I rescind (cancel or terminate) an agreement or contract I signed to purchase property and return my deposit? | Ross, Lanier & Deifik | Real Estate, Litigation, Family Law | naplesattorney.com | 599 Ninth Street North, Suite 300, Naples, Florida 34102 There are many ways that a buyer can recover their deposit. The first is to have competent counsel review the contract, see if it really is a binding and valid contract. You'd be surprised how often it is not. The second is to determine whether or not the seller has breached the contract. There may be a contingency that hasn't been met. The third is to examine state law, there's numerous remedies. For instance, Condominium Act provides that if you're purchasing from a developer, you have 15 days to change your mind and get your money back. You have 15 days not only from when you signed the contract, but from when any revisions to the condominium documents were provided to you. You have three days if your contract was with another individual. That's just one example. There's also a Florida statute that provides if you're a military service member and you're called up for active duty. You have a right to cancel a contract for purchase of real property. The last is to look at Federal Law. People fail to do this and Federal Law provides some very expansive remedies under the Interstate Land Sales Act for instance and under the Service Members Civil Relief Act, which again the latter one applies to military families. The Interstate Land Sales Act applies to everyone. It really is important to review if you're seeking to recover your deposit.
Views: 562 Ross, Lanier & Deifik, P.A.
Today's changing times bring the need for more of us to have alternative financing options such as land contracts and lease purchase options for real estate homes in Cincinnati, Ohio and Northern Kentucky. Barry Roth at My Purchase Options is here to help you find a solution for your real estate buying and selling in the Greater Cincinnati area.
Views: 1453 MyPurchaseOptions
Completely Renovated, Completely down with class and appreciation for the original artisan craftsmanship that you would expect from a classic colonial home in North Rosedale Park. Contact me now to get more information on this opportunity at 313.878.1130
Views: 2929 Shawn Reed
Contact Mark Cousino, a licensed realtor with Real Estate Professionals LLC, at (513) 417-3447 or [email protected] and visit http://www.CincinnatiAreaRentToOwnHomes.com today for more info!
Views: 364 Mark Cousino
Meet Norman the latest satisfied Customer First Home Owner!
Views: 61 CustomerFirstInv
This is a brief overview of the process of purchasing a home on land contract here at HomeTeam Realty. Samuel Gant RE Agent Home Team Detroit New Center One Bldg. 3031 W Grand Blvd. Suite 515 Detroit, Michigan. p: 734.219.5216 e: [email protected] w: http://www.hometeamdet.com/
Views: 47 Samuel Gant
How to Fill Out the Florida Real Estate Contract For Sale and Purchase We'll See You At The Closing Table! http://www.titlerate.com CONNECT WITH US HERE! Facebook: https://goo.gl/u5lmCo Twitter: https://goo.gl/yQXSx5 Google+: https://goo.gl/n7V4rh Independence Title, Inc. Kevin Tacher, Founder Chief Marketing Officer Phone: 954-335-9305 [email protected] www.TitleRate.com Get your INSTANT CLOSING QUOTES here http://www.titlerates.com Independence Title is the leading provider of title insurance and related real estate settlement services in Fort Lauderdale. Since 2003 we've provided superior real estate and mortgage settlement services throughout the State of Florida. As agents for Old Republic National Title Insurance Company and Westcor Land Title Insurance Company, we have the resources available to close any deal, anywhere and at any time with the best title insurance cost. We pride ourselves in providing the best the industry has to offer in title insurance fees, technology with our title insurance calculator and customer service. Throughout our 10+ year history, our conservative management philosophy has allowed us to grow and remain strong through the ups and downs of the market while other title insurance companies have closed their doors. Independence Title's financial strength provides the confidence our customers need from their title insurance company in these tough economic times. We welcome you to browse our website and contact us with any questions you may have regarding our company and the services we provide. We’re looking forward to serving you soon! This video publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is produced with the understanding that the publisher and author are not engaged in rendering legal, accounting, financial, investment, tax or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. By watching this video you agree to hold the author and publisher harmless for any acts that might result as a consequence of watching this video. Please consult with your attorney, CPA, financial advisor and other professional advisors relating to acting on any information contained in this video.
Views: 3816 Real Estate Show Independence Title
This course was given on July 15, 2010 and is a comprehensive review of the Residential Real Estate Purchase Contract and some of the most important associated forms offered by the Columbus Board of REALTORS® to its membership. Designed for both the newly licensed agent and the experienced salesperson, the course reviews the key concepts and clauses in the contract and associated forms, with the goal of helping attendees make effective and problem-free use of the materials. Particular emphasis is placed on understanding the notice requirements and contingency clauses, as well as the mechanics of the Inspections and Tests section. Also covered are the new Short Sale forms and issues raised by non-traditional transactions (i.e. land contracts, leases with options to purchase, etc.) Instructor William Fergus is a partner with Peterson, Ellis, Fergus & Peer and he practices in areas of real estate law, business law, estate planning and probate law.
Views: 5034 LibertyCore News
FAR/BAR Contract refers to the form issued by the joint committee of Florida Realtors (formerly known as Florida Association of Realtors) and The Florida Bar that develops real estate forms approved by both organizations. This is an officially licensed form that may be used by real estate brokers, attorneys, investors or buyers and sellers of real estate. The Far/Bar form has many commonly used provisions in standard real estate contracts, such as clauses for financing contingencies, property inspection, evidence of title and closing procedures. The Far/Bar contract is well-known among real estate professionals. https://www.youtube.com/user/lawtubechannel to subscribe to our newest legal videos. http://www.lawtube.com to check out our Video Law Library. Attorney Tom Olsen is host of the Olsen on Law Radio Show on FM 96.5 WDBO in Orlando. You can reach Tom at 407-423-5561 or [email protected] Tom has been answering legal questions on his radio show for over 30 years and has been practicing law in Orlando, Florida for over 30 years. Also, TEXT or call Chrissy Merrill at 407-808-8398 with your legal questions. The Olsen on Law Radio Show is the longest running legal radio show in the world. Produced by Professional Media Ideas. Call or text Chrissy Merrill at 407-808-8398 or by email at [email protected] Transcript: Attorney Tom Olsen: Bill, you’re on News 96.5 go ahead. Bill: Hi, my name’s Bill and I’m calling about a point in a real estate law that has me concerned. It seems that in Florida, very often when you go to closing, things don’t turn out the way they’re supposed to. Sometimes, the seller doesn’t get paid what he thought he was getting, or the buyer has to come up with extra money. Attorney Tom Olsen: Bill, I would counter what you’re saying by this, is that in the state of Florida, we have some standard form contracts. They’re called the Far Bar contracts. Those contracts, or the form of it is prepared in conjunction with real estate agents, brokers and lawyers. So, together that group has come together and said, here’s a standard form, Far Bar contract. It is used to the vast majority of times. I’m going to say 99% of times we’re using this Far Bar contract. When you sign a Far Bar contract as a buyer or as a seller, whether you know it or not, all the issues have been determined, all of the questions have been answered and there’s nothing that is left to ambiguity within these contracts. Bill, I don’t know how it went wrong for you, but I would say your issues are what I would say would not be a common issue at a typical closing, again, it's a Far Bar contract. Thank you for calling Bill.
Views: 333 LawTube
Realtor Patrice Henderson discusses what a land contract is and why it can be a good option for home buyers.
Views: 10 Patrice Henderson
Holly Mabery and Jan Leighton walk you through the title and escrow process for vacant land purchases.
Views: 50 AAR Editor
At the Fort Worth Note Closers Meetup Franco Barile, from the Law Offices of Sottile & Barile, shares the top 10 questions he gets from real estate investors about Land Contract and Contract For Deeds. If you invest in Ohio, Kentucky, Indiana or Michigan, you won’t want to miss this. Question and Answer session followed.
Views: 514 Mortgage Medic USA, INC
When getting a land contract, whether selling or buying a piece of land, always work with a real estate agent to get efficient searching resources, the right advertising and the right buyer protection contracts. Buy or sell a piece of land, taking advantage of a real estate agent's help, with advice from an experienced real estate broker in this free video on real estate. Expert: Penny Smith Contact: www.liveoakgroup.com Bio: Penny Smith has been in real estate for more than 14 years. Filmmaker: Reel Media LLC
Views: 1112 eHow
Jupiter Real Estate Lawyer Randall A. Fischer (561)316-7111 discusses the importance of contracts to purchase real estate when the purchase of furniture is considered.
Views: 100 Randall Fischer P.A.