baron14 1 Report post Posted January 9, 2010 Hello, Happy New Year To All!! I have a couple of questions. 1.) If the CA deal is out of area, what is the best way to collect the CA assignment fee from the T/B? 2.) A Realtor contacted me and said the owner would be interested in L/O. How would I do the CA deal with a Realtor involved? How would they get paid? Thanksbaron May This Year Be Filled with Happiness, Peace and Propersity for All!! Share this post Link to post Share on other sites
dionwisn 0 Report post Posted January 9, 2010 1.try using paypal.2. they get a % of option fee upfront and later when house sells. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted January 10, 2010 1.) If the CA deal is out of area, what is the best way to collect the CA assignment fee from the T/B?To the best of your abilities you need to remain in control of the deal. I have found that most people I deal with are honest and so doing long distance deals go as planned. Not always, because there is always the creep who will screw you over if given the opportunity. But that's the exception rather than the rule. Trust your gut when dealing with both homeowners and t/b's. 2.) A Realtor contacted me and said the owner would be interested in L/O. How would I do the CA deal with a Realtor involved? How would they get paid?Ask the Realtor what they had in mind. He/She may have an agreement with the homeowner, for example, that precludes you from having to pay any fee. Share this post Link to post Share on other sites
baron14 1 Report post Posted January 12, 2010 Hey, I was wondering if I send the signed Assignment Contract to the local title company where the T/B is located, could the title company hold the contract until the title company receives the certified funds from the T/B, for me? Thanks, baron Share this post Link to post Share on other sites
MichaelC 160 Report post Posted January 12, 2010 You can always make a few phone calls and ask. Share this post Link to post Share on other sites
Tmartinloan 0 Report post Posted January 13, 2010 What about collecting the entire option fee upfront and giving the realtor the entire commission on the sale when the buyer exercises the option? Why wouldn't this work?Win, WIn, Win, Thomas Martin911Loan@gmail.com Share this post Link to post Share on other sites