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SD Realtor
ParticipantHi Bob
To be 100% honest I have not been tracking Stonebridge for about 2 months now as I am kind of busy. I will try to take a look at it in the next few days.
ParticipantHi Bob
To be 100% honest I have not been tracking Stonebridge for about 2 months now as I am kind of busy. I will try to take a look at it in the next few days.
ParticipantHi Bob
To be 100% honest I have not been tracking Stonebridge for about 2 months now as I am kind of busy. I will try to take a look at it in the next few days.
ParticipantLet me see if I understand the situation.
You don’t have the cash but your relative does.
Options –
1 – You work out a loan with your relative. It is simply between you and them. your relative gives you the cash, then you go to the auction with the money and buy the home. Title will be in your name. The terms of the loan are between you and your relative.
2 – Your relative buys the home. Title is in his/her name. Then after then receive title they convey title over to you. This is possible. Is this a taxable event? Possibly. You need to talk to an accountant about that. Again, you work out the payment details with your relative.
These seem to be the two choices. This is all independent of the challenges you have about researching the home you want to buy.
ParticipantLet me see if I understand the situation.
You don’t have the cash but your relative does.
Options –
1 – You work out a loan with your relative. It is simply between you and them. your relative gives you the cash, then you go to the auction with the money and buy the home. Title will be in your name. The terms of the loan are between you and your relative.
2 – Your relative buys the home. Title is in his/her name. Then after then receive title they convey title over to you. This is possible. Is this a taxable event? Possibly. You need to talk to an accountant about that. Again, you work out the payment details with your relative.
These seem to be the two choices. This is all independent of the challenges you have about researching the home you want to buy.
ParticipantLet me see if I understand the situation.
You don’t have the cash but your relative does.
Options –
1 – You work out a loan with your relative. It is simply between you and them. your relative gives you the cash, then you go to the auction with the money and buy the home. Title will be in your name. The terms of the loan are between you and your relative.
2 – Your relative buys the home. Title is in his/her name. Then after then receive title they convey title over to you. This is possible. Is this a taxable event? Possibly. You need to talk to an accountant about that. Again, you work out the payment details with your relative.
These seem to be the two choices. This is all independent of the challenges you have about researching the home you want to buy.
ParticipantLet me see if I understand the situation.
You don’t have the cash but your relative does.
Options –
1 – You work out a loan with your relative. It is simply between you and them. your relative gives you the cash, then you go to the auction with the money and buy the home. Title will be in your name. The terms of the loan are between you and your relative.
2 – Your relative buys the home. Title is in his/her name. Then after then receive title they convey title over to you. This is possible. Is this a taxable event? Possibly. You need to talk to an accountant about that. Again, you work out the payment details with your relative.
These seem to be the two choices. This is all independent of the challenges you have about researching the home you want to buy.
ParticipantLet me see if I understand the situation.
You don’t have the cash but your relative does.
Options –
1 – You work out a loan with your relative. It is simply between you and them. your relative gives you the cash, then you go to the auction with the money and buy the home. Title will be in your name. The terms of the loan are between you and your relative.
2 – Your relative buys the home. Title is in his/her name. Then after then receive title they convey title over to you. This is possible. Is this a taxable event? Possibly. You need to talk to an accountant about that. Again, you work out the payment details with your relative.
These seem to be the two choices. This is all independent of the challenges you have about researching the home you want to buy.
Participantsdr law students must be fun clients!
Funny but last I checked with all these evil addendums that the banks have, nobody was holding a gun to any buyers saying that they must buy the home.
************
Furthermore the bank has never set foot in the home, they have no idea about the condition of the property, they have not really even seen the property and are relying on others to send them pictures and reports. In my opinion it would be pretty stupid for them not to have addendums and releases of liabilities such as they do now. I see nothing wrong with any of the addendums brought up in any of these posts to be honest.
************
Try to remember, you don’t have to buy the home guys.
Participantsdr law students must be fun clients!
Funny but last I checked with all these evil addendums that the banks have, nobody was holding a gun to any buyers saying that they must buy the home.
************
Furthermore the bank has never set foot in the home, they have no idea about the condition of the property, they have not really even seen the property and are relying on others to send them pictures and reports. In my opinion it would be pretty stupid for them not to have addendums and releases of liabilities such as they do now. I see nothing wrong with any of the addendums brought up in any of these posts to be honest.
************
Try to remember, you don’t have to buy the home guys.
Participantsdr law students must be fun clients!
Funny but last I checked with all these evil addendums that the banks have, nobody was holding a gun to any buyers saying that they must buy the home.
************
Furthermore the bank has never set foot in the home, they have no idea about the condition of the property, they have not really even seen the property and are relying on others to send them pictures and reports. In my opinion it would be pretty stupid for them not to have addendums and releases of liabilities such as they do now. I see nothing wrong with any of the addendums brought up in any of these posts to be honest.
************
Try to remember, you don’t have to buy the home guys.
Participantsdr law students must be fun clients!
Funny but last I checked with all these evil addendums that the banks have, nobody was holding a gun to any buyers saying that they must buy the home.
************
Furthermore the bank has never set foot in the home, they have no idea about the condition of the property, they have not really even seen the property and are relying on others to send them pictures and reports. In my opinion it would be pretty stupid for them not to have addendums and releases of liabilities such as they do now. I see nothing wrong with any of the addendums brought up in any of these posts to be honest.
************
Try to remember, you don’t have to buy the home guys.
Participantsdr law students must be fun clients!
Funny but last I checked with all these evil addendums that the banks have, nobody was holding a gun to any buyers saying that they must buy the home.
************
Furthermore the bank has never set foot in the home, they have no idea about the condition of the property, they have not really even seen the property and are relying on others to send them pictures and reports. In my opinion it would be pretty stupid for them not to have addendums and releases of liabilities such as they do now. I see nothing wrong with any of the addendums brought up in any of these posts to be honest.
************
Try to remember, you don’t have to buy the home guys.
ParticipantYou get the trustee deed within 10 days. When the trustee deed comes there will be a cashiers check for the “change” with it.
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