Posted by William Bronchick on February 11, 2002 at 08:50:55:
Having done a couple of hundred closings subject to, I can say that virtually nobody cares. They don’t see it as a big risk. The big risk to the seller is, “what if you don’t pay my loan?” Focus on that issue, because it is the one you will hear over and over.
DOS - how not to scare sellers - Posted by Craig (IL)
Posted by Craig (IL) on February 10, 2002 at 08:30:22:
There’s been pleny of threads on the DOS, but, not on how to explain it to sellers. I’d like feedback on how other investors approach this with prospective sellers. I assume we all wouldn’t want to lose a deal just because of a seller’s nervousness.
If, as an investor talking with a prospective seller, you go to the extent to introduce a DOS Acknowledgement piece of paper, such as Bronchick’s form, and especially if one has it notarized, it’s telegraphing that there’s a serious problem to a seller, The seller barely knows you anyway.
How do others of you handle this when talking with sellers?