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November 2013 Archives

Judgment Liens

What happens when judgments appear against a property? They're certainly not going to get anything from the sale of the property right? Sometimes yes, sometimes no. There is a document called Knox's Judgement Lien Paradigm and I've included it in your book. It's a little bit outdated, It's good as of January 2008, and I'll explain why it's a little outdated in a minute. But here it is... it's why I included it in your book.

Arms Length Transactions & Short Sales

Transcript: Bank fraud and flipping fraud now that, this comes, it can happen but mostly as a result of foreclosures. So, So, what do mean by bank fraud what do we mean by flipping fraud, we'll the first thing we need to talk about is the arm's length affidavit, that's typically what comes up the most. A lot of times the question I get asked often is "Well can we do a non arms length transaction?" Can I short sell this property to my brother to my parents, my whatever relative, to my friend, to my neighbor?  I'm going to give you a little bit of an unconventional answer, I think the answer is yes you can do a non arms length short sale, as long as you disclose it to the lender.

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