possible deal questions - Posted by walter_IL

Real Estate Investing
1

Posted by Tim Jensen on May 03, 2001 at 21:04:37:

Walter,

First off, let me answer your questions.

  1. You can go to a bank or title company for a notary. However, you do not need to have a notary for an agreement. You need one for the deed.

2)I would not record anything until you know what you are going to do with the property.

  1. It should only take about 30 minutes at the most to sign all the paperwork. Usually a subject-to or lease-purchase do not require an actual closing.

Finally, before you sign anything or record anything, I would make sure you have all your ducks in a row.
E-mail me I may be able to help you.

Tim

2

possible deal questions - Posted by walter_IL

Posted by walter_IL on May 03, 2001 at 20:31:07:

I am planning on meeting with the owners in pre-foreclosure. To tie up the property, prior to doing title search, I plan to use Bronchick’s forms (from www.legalwiz.com)

  1. How do you normally notarize such agreements?
  2. Do you record them the next day? What would happen if you did not record them?
  3. How long does ‘subject to’ or ‘lease/purchase’ closing take?

Thanks to all who respond.
Walter_IL