Posted by Bryan in Cali on November 30, 2001 at 19:42:36:
I know that’s good advice, but I just don’t have the money available to shell out hundreds of $ to an attorney to evaluate forms. I’m on SSI (fixed income) and I can’t find a job so I decided to create my own job. I chose lease options because I don’t need a big downpayment to start.
RE legal documents - Posted by Bryan in Cali
Posted by Bryan in Cali on November 29, 2001 at 22:25:26:
I got Joe Kaiser’s lease options course a few days ago, and it looks really helpful. But with the sample documents he includes in the back he says to consult an attorney so the docs will be legal in your area. If I had the money to pay a real estate attorney $400 an hour I sure wouldn’t be trying to figure out how to make money in RE without downpayments. Does anybody have an idea if I can buy correct forms say at a law bookstore? I plan to do deals in Santa Clara County, California.
Re: RE legal documents - Posted by Brent_IL
Posted by Brent_IL on November 30, 2001 at 17:37:55:
Check with a Realtor to see if the local board has a L/O, or more probably, a lease/PURCHASE contract. These will be legal in your state and available for your review.
Be advised. The majority of the terms will be pro-seller. It’s just something to look at so you know what to discuss with your attorney.
Re: RE legal documents - Posted by Thomas K. Standen
Posted by Thomas K. Standen on November 30, 2001 at 12:01:32:
First Tuesday phone is 800-794-0494
The have the forms on a CD and printed
Thomas K. Standen
First American Loan Servicing
Re: RE legal documents - Posted by Michael Morrongiello
Posted by Michael Morrongiello on November 29, 2001 at 23:44:44:
Bryan:
Joe has given you some sage advice as you should NEVER just take somebody’s form and start using it before you are sure its language, verbiage, clauses, etc. will be acceptable in your local jurisdiction.
Remember “Preventive Law is a whole lot cheaper then Curative Law…”
For some basic boilerplate California contracts, try First Tuesday Publishing or Professional Publishing Novato, CA www.profpub.com, then have your RE counselor review them. TIP: if your attorney is charging your $400 per hour for document review, find another attorney.
To your success,
Michael Morrongiello