Wendy's Blog

Subject-To Risks and How to Avoid Them The biggest controversy for a subject-to is the violation of the due on sale clause.  This clause is a provision in the mortgage documents that says if the home is sold or transferred, the mortgage will be paid in full or the lender could call the loan due i...

Can I Possibly Avoid Foreclosure? If you are in the difficult situation of falling behind on your mortgage payments and trying to sell your home, offering it on a rent-to-own basis may help you stay out of forclosure.  The last thing lenders want right now is to foreclose on your home.  They have...

More Negotiating Tips Tired of endless back-and-forth disagreements with your buyer and/or seller?  Here are a few negotiation tips that can help.   Set your rules. Many people likely have a set of rules or values that they just won't compromise. If you find negotiations breaking your rules and g...

Screening a Good Buyer Screening a buyer is extremely important, and yet some of us investors still go by instinct or illegal decisions.  Screen a tenant by reviewing their application thoroughly.  Check it for accuracy and make sure they did not lie to you.  If someone lies to me, they are denie...

Extra Ways to Protect Yourself in a Lease Option: Place a Deed in Escrow This approach can be used along with the filing of a Memorandum of Option.  The seller would actually sign the deed at the same time that they sign all of the lease option contracts.  However, the deed is not yet recorded on...

Helpful Negotiating Tips Everyone likes to negotiate!  We may say we don't, but we all do.  Think about this:  If you were to offer a price for something and the seller said "Yes" right away, how do you feel?  Good you got your price, but you are feeling bad because maybe they would have accepted...

"May the sun in his course visit no land more free, more happy, more lovely, than this our own country!"   ~Daniel Webster     Enjoy these fireworks and I hope you all have a wonderful holiday!     Source  

Lease Option Risks and How to Avoid Them    The biggest risk for a lease option is the possibility of the seller having a problem financially.  Although in the beginning we only lease option from financially strong sellers, there are things that could go wrong in a seller's life.  A lease option ...

The Tool Every Investor in the Country Must Have - Pre-Paid Legal Part 2 As promised, here is the remaining information you NEED to know.   Here is something that most people don't know.  When you buy a house the purchase agreement you sign is in no way a standard document.  Purchase agreements a...

The Tool Every Investor in the Country Must Have - Pre-Paid Legal For a small monthly fee - with no contract required - we can get access to a battery of attorneys by using Pre-Paid Legal.  How small is the monthly fee?  Right around $25 bucks a month!  Ready to become a member?  Register today f...