Contracts and Offers

Here are two links that spell it out very clearly:

Article #1: http://www.thereibrain.com/realestate-blog/2007/09/how-to-get-around-the...

Article #2: http://www.atintegrated.net/realestate_archives/REO_Nonassignability_cla...

Hello.... I have a question of how exactly an owner carry deal works... I know the basics being that based on the contract, there is an up front down payment... A set monthly payment... And a final payoff amount...

I have read some blogs on here that some have completed deals like this with absolutely no money out of pocket... And how they set the whole thing up with the seller basically giving the wholesaler a seperate contract and the wholesaler gives the buyer a different contract... All in turn the wholesaler uses the buyers money to pay the seller... And thus, makes money three different ways....

My question is.... While doing this, who carries and pays all of the "PITI" Costs?? Is it the seller?? Or the wholesaler??

Please help...

I am not sure under what this top fits in but my question is this: Does anyone have urls and/or information of items dealing with assignment of contract via the Real Estate Agent.

I know there are topics related with the topic.

I am in contact with buyers who are out to buy a lot of Real Estate, basically residential.

I am not sure how to deal with this issue with regard of controlling the property prior to showing the property to the potential buyers. The buyers are always asking me to give them the address of the property to see but I am leery of being cut out of the deal.

i was wondering if you guys would be able to make format/template of an NCND (non-circumvention non-disclosure) agreement. My apologies if there are previous forums on the site addressing this topic.

Hi everybody. If you followed my other post you know my first lease option turned into a cash offer, then the guy disappeared! But I now have another tenant buyer so it's back to a lease option. So I need to know if anyone has a good rental agreement I could download that will protect the seller. I have a lease purchase agreement but not sure if its the best one either. I believe I read something Bill Pohl had posted once about what he puts in his rental agreements. So Bill if you read this please send me a link or download if you have one and if you don't mind.
Shirley

My lawyer is going to close my deals. He has a fee. Do I have to pay this fee? Will my buyer pay my lawyers fee? How do I collect this fee from my buyer?

Hello... Just this past Friday I got an accepted offer of a fire-burned 3 bed, 2 bath, 1200 sq. ft. house. I explained to the seller that I am going to be assigning the contract to another investor and he agreed to it. The seller has his own contract that I have not received or signed.

My question is: With the sellers verbal agreement... Is it legal for me to start advertising it on sights such as: Zillow, craigslist, postlets?? Please help ASAP... Thank you very much for everyone's time....

Does anyone have a fee agreement that they use that they would be willing to share.

I have been doing multiple deals with a buyer and its time consuming and not efficient to have him sign a new referral contract for every deal I bring him. I was wondering if there is a fee agreement where the literature states "every deal I bring you, I will get a referral fee of 2%" something along those lines.

Thanks in adavance

Hi everybody, I was doing a lease option for someone and when I showed the house today I was offered cash. This is not a fixer upper, just a nice 3/2 brick ranch. We originally had the purchase price at $91,500 for the LO. The offer was $85k cash with quick close. The seller agreed and since my option fee for the L/O was $5k, he said he wanted me to still get $5k and he would take $80k and call it a day, but he wants me to get the $5k at closing. How do i make this happen? Do I have any choice other than assigning the contract to the buyer? And do we need an attorney with a cash closing or just a title company?

I came across a FSBO I spoke with the seller and she is desperate to sell due to job loss. She said she is motivated but will not go below her asking price ? She also says she will not allow an inspection that the property is being sold "as is". Also she wants the buyer to pay all closing cost ?

If she will not allow an inspection clause in the contract how will I walk away if I am unable to locate a buyer ? This is a virtual wholesale deal so I must be able to give the buyer an option to inspect the property...