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Question by J-lynn: I’m about to sell my house in New Orleans, and I have a question…?
I have property in New Orleans that has a house (which has been gutted) on it. This property was affected due to hurricane Katrina. I’m not if that has any relevance to what I’m about to ask, but just wanted to mention it, because it has relevance in the reasoning of why I am selling it for such a cheap price.
I was contacted by a contractor who is willing to buy it from me. He is offering me much less than what the property/dwelling is worth. I am going to take his offer because honestly at this point, I just want it out of my hands. I own the property out right. I paid off my mortgage two years ago and there is no lien on the property.
Here is my question- he has been handling everything and says that my husband and I just need to show up to sign paperwork next tuesday. He says we are going to do a “quick sale” and that he will pay us right then and there with cash. (I’m assuming he means a cashier’s check and not literally cash) This whole process has taken only about two weeks. I’m starting to get concerned that maybe I’m missing something? I’m anxious to get this over with and I’m sure he knows that. I just don’t want to be taken advantge of even more so than I already am by accepting less than what the property is worth…
Is there anything I should know going into this?
What exactly is a “quick sale”?
Best answer:
Answer by kemperk
a; he means cash [bad idea--no paper trail]
b; a quick sale is a bank sale–not applicable in your case
c; he probably intends to FLIP it–he probably has someone else ready to pay him a 15+ profit.
[good for him.]
d; I would do none of this without using a title firm and if your state does not use
a title company to “close escrow,” I would hire a RE atty. It will be worth it.
e; I do not trust your buyer with a 15 ft pole.
LET a contractor handle NONE of the affairs. They are skilled at building and repairing
not in helping buy or sell RE.
HE might even be violating one or more state laws in TRYING TO Rep your interests
which is called DUAL AGENCY–when he can’t offer ANY agency without a license
for REAL ESTATE.
be very polite and hire an ATTY TODAY!
do not tell him that yet. LET the atty call him —or when you are pleased with the ATTY
skills/attitude, have the guy meet you at the atty’s office…….or have the atty
go with you to the contractor’s office.
Available to guide you further
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Question by : Not allowed to move mobile home or sell?
I bought a mobile home from arc and financed through origen financial in 2004, well we found a house last yr, great deal, so my mom agreed to takeover the payments mobile home, but to have it moved to her land, so i called origen to see if this was possible, and they said the mobile home could not be moved from the park until its paid in full. So a month later, our loan was transferred to greentree, so i called them and explainded the situation, and they said i could move the home no problem, just let them know the the address and county and tax info, for escrow. So we bought the new house, assuming we could have the mobile moved. so after a yr of my mom making the payments, and paying the lot rent for a home no one was living in, my mom is ready to have it moved so i called the park to let them know we were going to have it moved and they said no, because we signed a contract with origen, thats states the home could not be moved until its paid. So i explained the loan was no longer with origen, it was with greentree and they said we could have it moved and she said it did not matter, the contract still stands. So i pulled out the contract with origen, and it states “i will not move, use illegally, sell, lease or transfer the home” which to me is very crappy. Unfortunately i was a young 1st time homebuyer. Can they really keep me from moving or selling it even though greentree has no problem. When we 1st bought the home, we had planned to have it moved within a yr, and even mentioned it to the seller when we agreed to purchase the home, nobody warned us about not being able to sell or move it. Is this legal, it seems like intrapment to me. What if someone, cant afford the home anymore, and needs to sell, or someone ends up making more money and wants to move, or has to move for what ever reason, alot can happen or change in less than ten yrs. And apparently, theres no options, except stop paying on the mobile home and let their credit suffer. It sound rediculus, i can’t believe its legal. So my question is, am i reading my contract right, or is there a way i can have it moved or sell it, since i am no longer with origen, and greentree is ok with it.
What would happen if we got a eviction notice, could we move the trailor then or would they be able to hold on to it.
Please help
Best answer:
Answer by dusty_titus
Your Greentree contract supersedes the one with the Mobile home park, and Origen – You should offer a bribe (that’s what the park wants) after all their losing money on the deal, you wanting to move the unit out, and I’ll bet there is a No sub lease on your contract with park. You may be able to work this out, if your town has a Legal Aid – or the last resort – hire your own attorney to suggest a way out of this quagmire.
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Question by : What do i need to setup a “buy and sell” website?? I.e, Which webhost is best ? etc?
I don’t understand all the jargon about bandwidth and the such, I would like to know how to and what is needed? Ie anyone that knows how to set a website up for credit cards and all that..
Regards
Best answer:
Answer by LOL MODE [on] off
http://www.filezoid.totalh.com/
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Question by : I want to sell “cocktail party” merchandise online, I need a wholesaler?
I have a website and I want to open up a store online where I would sell cute/decorative serving trays, dishes, etc. for appetizers, soups, salads, etc. Anyone know of a good wholesale company online? thanks!
Best answer:
Answer by martin S
The best place to buy wholesale is from the suppliers or manufacturers. You can get the list of suppliers and manufacturers from B2B websites along with their contact details. I suggest you http://www.hellotrade.com where you can find the suppliers with catalogs and can contact them directly from this website for free.
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