How can someone run this ad? - Posted by Ginny

Posted by Ben (NJ) on February 26, 2001 at 19:05:51:

at some of our courthouses security is tighter than the airport. All we need is some wacko lying in wait all night and gunning down a judge when he comes to chambers in the morning.

How can someone run this ad? - Posted by Ginny

Posted by Ginny on February 24, 2001 at 18:25:33:

"ALL CASH TODAY"
Call (xxx) 555-5555

How can someone actually do this without first checking a title?

Sounds like it goes against everthing I’ve learned.

I never want to give the seller a red cent until I know I’ve got clear title!

Can someone explain how that ad can be valid?

Ginny

Re: How can someone run this ad? - Posted by Rob FL

Posted by Rob FL on February 25, 2001 at 10:50:47:

All the counties I work in have the recordings available on the internet 24/7. I can do a title search within 5 minutes sitting at my computer from home.

Re: How can someone run this ad? - Posted by David Alexander

Posted by David Alexander on February 25, 2001 at 24:15:04:

I can have title pulled within an hour or so … to get a good idea if there are any major obstacles or not.

It’s a powerful tool to develop those ties with folks at the county courthouses.

Now would I let go of cash today… you would be talking about a severly discounted amount!!

David Alexander

Re: How can someone run this ad? - Posted by Kevin Subbert

Posted by Kevin Subbert on February 24, 2001 at 21:09:18:

I run an ad that says all cash, and if the seller wants all cash then my offer will reflect that. Inevitably they want more than what I am offering so I in turn counter with more favorable terms. But I offered to pay cash. They were the ones that turned it down.

Kevin Subbert

It can be done! - Posted by BR

Posted by BR on February 24, 2001 at 21:03:25:

kind of tough if the court house is closed however. If you can get a deal done early in the day and have time to run to the courthouse, check the title back to the last institutional loan (when title insurance was issued), then run to the bank for certified funds (you must have funds available or be REAL tight with the banker) then go close. If it is a ‘subject to’ with no equity it’s a piece of cake.

More than likely however, it’s like William said, it’s just marketing to make the phone ring.

Re: How can someone run this ad? - Posted by WilliamGA

Posted by WilliamGA on February 24, 2001 at 18:49:10:

Ginny,

I think it is fairly safe to say that the “ALL CASH” line of the ad is mainly to get their attention. You are letting the seller know that you can handle their situation quickly. It is not meant to be dishonest, it is just a “hook” so to speak.

My cards and some of the ads I use also say “ALL CASH”, but the fact is, I have only purchased a couple of the houses I have bought to date with “cash”. While most times I could close with cash, I usually am going to try to lead them in another direction.

I or anyone else CAN purchase with cash and it IS possible to close within the same day if you know how to research your own title.

Fact is though, most of the time, for me at least, it isn’t gonna be “ALL CASH”.

Good Luck!

WilliamGA

Re: How can someone run this ad? - Posted by BR

Posted by BR on February 25, 2001 at 09:10:52:

Don’t misunderstand, I feel the same way. I would not do this with a large sum of money. In that case we get the full title report. I do it all the time on ‘subject to’ type deal where there is little money involved. Hey Dave, I like that contact at the court house idea. How did you swing that?

Re: It can be done! - Posted by WilliamGA

Posted by WilliamGA on February 24, 2001 at 21:23:25:

BR,

I am lucky here. I have an “after hours” pass so I can get into the courthouse 24/7. As far as I am concerned, the courthouse is never closed.

I actually prefer searching titles after hours. Then, I hhave the record room all to myself.

I’d give anything for that privilege - Posted by Gursel

Posted by Gursel on February 26, 2001 at 07:25:46:

Hi William:

Would you please share with us how you are able to do that? I’m in Passaic county NJ and the sherriff’s officers escort us out precisely at closing time. Thanks.

Re: I’d give anything for that privilege - Posted by WilliamGA

Posted by WilliamGA on February 26, 2001 at 09:56:07:

Gursel,

It is just something that the Courthouse here offers if you can get in with the “club” so to speak.

You have to get at least 3 local attys to sign a statement saying that they vouch for your integrity, honesty and so on. Sounds easy but getting 3 attys to put on paper they they know you well enough to attest to the fact that you won’t do anything “shady” as far as the records room goes, well, let’s just say I was surprised at how hard it was.

Looks like there have been others in the past that let some documents come up “missing” or something along those lines.

Maybe your area offers it. Ask the Superior Court Clerk.

WilliamGA