Help!!!!!!!!!!!!!!!!!!!!!!!!

YOur next step is to put it under contract. This is assuming your offer is accepted of course, you might have to negotiate or counter offer but you need tie up the property under contract.

Then eventually assign it over to your developer at a higher price. But one step at a time. If you have a buyer, your focus right now is to get that offer accepted.

What forms do you use to lock up the property and what other forms do you the buyer and seller need to sign???

not filled out...normally the Realtor has a standard contract they use if you are making an offer. Dean has covered this in his books...look on page 164 & 165 of Profit from Real Estate Right Now...there are also Forms and Docs to the left of you under Student Resources....I know there is a thread on this site somewhere discussing it at length...go to the Search line and type in Assigning contracts.
Barbara
P.S. If you click on someones name it will bring up their profile so you can see who you are talking to...

You'll use the regular real estate contract to put in your offer, with any contingencies you may have (if any), and make sure somewhere on the contract you can write in and/or assigns after your name (unless it's already on the contract. Most reo deals are assignable, unless it states that on the contract. Then, you'll need an assignment fee agreement signed between you and the buyer, to make sure you get your fee. Once you have that, you have buyer sign a new purchase agreement. Once you have everything with the money order, turn everything into the title company once the offer is accepted. I've been told you can also just turn in the assignment agreement and the reo contract into the title company, too. Whatever you do, make sure you at least get the buyer to put an earnest deposit of at least $1,000, addressed to the title company when you get the contracts signed.

you say that it was listed on CL by an agent?
if so, the agent will have the form; where you sign, make sure you write in the words 'and/or assigns' after your signature...and give the agent a copy of a check for $500 as earnest money (this document will lock up property)

Then get an assignment fee form-look for it on this site under 'student resources' 'docs and forms'- this will be the contract between you and your buyer.

Have you read DG's books? It doesn't hurt to read them again until you feel comfortable going through the motions...

wishing you success,

Valerie