jplives4surf

IMHO people are spending as much money on some lousy looking sites. Why not get one professionaly done? I'd rather concentrate on building wealth through REI than building websites Feel free to delete...

Great answer, Adam -- thanks. That's what I was interested in knowing...if you talk to the bank about the DOS to see if they are ok with it. Ethics is important to me even if it may break the deal. I'd rather not have a deal than get sued.

Hi Guys: Thanks for the follow up to my post. Being in California, I am particularly worried about Reed's statements: "They trigger almost all mortgage due-on-sale clauses. They trigger reassessment for property-tax purposes in California, thereby wiping out the protection California homeowners normally get from Proposition 13." Now I understand about most lenders won't call the due-on-sale if they are still receiving payments but do you disclose this to potential sellers? Disclose, disclose disclose? Or shhh, shhh, shhh? Also I read somewhere that Dataquick is providing an investigative service for Mortgage lenders to discover instances where a due-on-sale cause can be exercised. Why would they offer this if lenders weren't going to act on it? What's the safest way to do a LO so it's a win-win for everyone and to really cover yourself in the event of litigation -- if a full mortgage get's called, I have a hunch a seller is going to sue you...perhaps the tentant/buyer will too. It could get quite ugly. Thanks. I look forward to your thoughts on this. JPLives4Surf

Hi All: I love this forum. This may have been discussed before, but there's a very interesting site which reviews all the RE Gurus out there (no mention of Michael, I believe): http://www.johntreed.com/Reedgururating.html Mr. Reed rides Claude Diamond pretty good among many others. He's also got a page -- "what you need to know about lease options" which discusses the legality & ethics of them (due-on sale clauses, etc): http://www.johntreed.com/leaseoption.html Now Mr. Reed is also selling his own books and frequently pushes them instead of the reviewed Guru's books which makes his objectivity suspect. I'd love to hear your comments about the above. JPLives4Surf