Segue'.
Can somebody give me the link again to the law on debt forgiveness on short sales recently signed by Pres. Bush.
Thanks.
Ernie
James Martin <jtmartin@redealsusa.com> wrote:
James Martin <jtmartin@redealsusa
dont put your girl friend on the deed or title
--- CM Ross <Writer@copper.net > wrote:
> No, the best bet is to run, not walk to your nearest
> Law Library at a Law School or Bar Association. Find
> the laws and case summaries of cases like yours. Jot
> down the legal terms that you do not understand, and
> take them to the librarian. He will direct you to
> books that will explain them to you. It's not hard,
> just takes a few hours.
>
> It can save you thousands of dollars. How would I
> know? Because if I had done that instead of
> consulting lawyers, I would have saved myself a lot
> of time, money, and heartache.
>
> Most lawyers are in the habit of telling you what
> benefits them, not you. Once you demonstrate to them
> that you know the subject, they are less inclined to
> try and swindle you.
> Christine
> ----- Original Message -----
> From: Judy Moore
> To: CREI-Alliance@yahoogroups. com
> Sent: Wednesday, January 30, 2008 5:16 PM
> Subject: RE: [CREI-Alliance] seeking advise on
> protecting my down payment
>
>
>
> Best bet is to go see a lawyer. I don't know
> Arizona family law to know if they trace assets
> after they are co-mingled. In any event, at a
> minimum, create a contract between the two of you
> regarding the intent of this transaction.
>
> Judy
> Oregon
>
> Nancy SEWELL <nancysewell64@msn.com > wrote:
> Hi - you may want to talk to the title company -
> but, one idea might be to actually create a loan
> document that can be recorded as a second mortgage
> on the house. So, there would be a lien recorded in
> the event the house is sold or title changes. Just
> a thought...you're smart, you are! Definately get
> an agreement written out before you do anything -
> you need to protect your interest! One just never
> knows! Best of luck...Nancy
>
>
>
>
--------------------- --------- --------- --------- --------- -
> To: CREI-Alliance@yahoogroups. com
> From: fxstrider@yahoo.com
> Date: Tue, 29 Jan 2008 19:12:26 -0800
> Subject: [CREI-Alliance] seeking advise on
> protecting my down payment
>
>
> Hello folks.
>
> Any advice would be greatly appreciated
> regarding the kind of document I'll need to prepare
> to ensure my 50k down payment is best protected.
> My girlfriend and I will be buying a
> house together here shortly with my 50k cash down
> and her and I qualifying for the rest in a loan. My
> question is, if in the event there is a dissolution
> or we sell the house, that I receive back my 50k
> down payment. Next position, sort of speak.
> What's the best way to protect that if
> in the event of some future closing and have it be a
> smooth distribution at the title company. If there
> were a future sale of this house that I am to get my
> principal of 50k back.
> Thank you very much.
> Larry Stevens Phoenix,AZ
>
>
>
>
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