Ron Legrands Contarct and Title???? - Posted by james white


#1

Posted by Bud Branstetter on December 02, 1998 at 10:35:05:

The new financing will require clear title. If you advertise, find a buyer, go to the trouble of getting him financing, do inspections and surveys only to find out there is a title problem, somebody is going to be upset. If you make sure title is clear now, there will be no surprises. You will remain in control.


#2

Ron Legrands Contarct and Title??? - Posted by james white

Posted by james white on December 02, 1998 at 07:54:27:

I have Ron Legrands course L/O. In this course he pure option agreements as well. My question is I found a house for sale the other day. I got the owner to accept an option. I went over to house last and he was asking me question about the proof of title section. Why does he need to show a free and clear title if my buyer is going to get new financing. The bank will check to make sure it is free and clear.

I didn’t know hat to say. He had a valid point. Do I reall need this section i I am just going to flipp the property.

Thanks


#3

Re: Ron Legrands Contarct and Title??? - Posted by Bill

Posted by Bill on December 06, 1998 at 13:03:46:

Imagine putting time and effort into a transaction and then not being able to deliver clear title. It’s easy to establish the color of the title, and to ignore this step is a “newby” mistake. Avoid newby mistakes and take advantage of the knowledge transfered to you by Legrand’s materials.


#4

Re: Ron Legrands Contarct and Title??? - Posted by Redline

Posted by Redline on December 02, 1998 at 11:50:00:

You can take the attitude that “It’s the bank’s problem - they’ll clear the title” but that eventually will become your problem. Solve everyone’s problems and you’ll solve your own.

Good luck,
RL