Posted by js-Indianapolis on July 01, 2003 at 01:28:27:
Hey fellas. Just got back to this, after forgetting about it. Looks like I’ve started quite the discussion.
First off, Indiana is not much for grey area at all. JT is correct, there will be no “My arse got fat because Burger King told me they’d do it my way.” lawsuit coming to Indiana any time soon. Conversely, judges will and do hear 72 hour emergency eviction cases on a regular basis. Yes, if you can prove that your tenant is a threat to your property, you can get him gone in 72 hours. Indiana likes landlords. I?ve got a feeling some judges own some properties.
Basketball was invented in Massachusetts. Indiana just had nothing else to do but throw a ball in a basket, and wait for the corn to grow, thus the popularity here. Also, plenty of giant farm boys to play. Wonder how long it took them to figure out that cutting a hole in the bottom of a basket will make the game move along at a better pace?
And finally, this property. This property is just another random skinny LO I have come across. Like everyone else in this county, the owner moved in in 2000, and is now transferred to Chicago. READ: No equity. I just happen to have a LO buyer that is up my backside, begging to give me $5K down on a place. This seller is willing to take one month, or $1087. If my 2nd grade math is correct, I pocket $3913 on an assignment. Not a bad payday, in my book.
Now, I get all sorts of what ifs about this deal. Currently I’m thinking, stay away from it, it’s liable to bite you in the arse. Then I think with an assignment, and a release form, I’m done. They can complain all they want, down the road to whomever, but not me. In court, I show an assignment, and a release, and walk out. Indiana, thank God, is what they refer to as a “four corners state”. If it ain’t within the four corners of that paper, it didn’t happen.
They also say “ain’t” alot 'round these parts.