The Flipping Pad

Recent Posts by JClark at the Flipping Pad 2 post(s) found

Oct 10, 2009 JClark 2 posts	Topic: Selling Talk / Seller Financing Unless the loan is assumable, you are asking for trouble… Will you pay the taxes? How do you know the person, w/ their name on the title won’t have an IRS lien recorded on the property—or, other liens. And, if the deed is unrecorded, you could be really unprotected. Seller financing works best when the property is owed free and clear, and the seller would rather have the interest and payments—-like a senior citizen that does not need all of the money but does need to supplement their income.
Oct 10, 2009 JClark 2 posts	Topic: Introductions & General Chat / Property taken off market I would wonder if this house is headed for foreclosure—check the county recorded docs for default notices—and, make sure the recorded mortgage is not more than what you want to pay. If nothing is there, then I would approach them.