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Investment Properties in 60622 : Real Estate Advice

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Activity 3
Wed Jan 18, 2017
Davistracy2004 asked:
Mon Oct 20, 2014
Matt Laricy answered:
You accidentally asked this question in Chicago. It would be more beneficial to ask this in Cali.
0 votes 1 answer Share Flag
Fri Feb 22, 2013
Annette Lawrence answered:
Double/simultaneous closing with assignable contracts.
David seems to be the only one who understands this issue.
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This format is the life blood of real estate transactions that depend on deception and misdirection.
There is a real reason W.Tate refers to this as 'investor friendly' and everyone else should translate this to be 'litigation prone' transactions. Yes, your license can be on the line and you may inherit a debt to society.
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W.Tate, your best bet is to work with an attorney who also does real estate title work. Unless you control every aspect of the transactions, the risk is simply to great. This 'friendly' offer can prove toxic to those who want to be a schlepper for an investor.
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Double closings. Assigned contracts! Double danger.
... more
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