What Paperwork Do You Need to Do a Subject to Deal

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Question by The One 4 Fun: When is the sales contract executable for a short sale?
The escrow company has received the short sale approval letter from the bank and has a copy of the signed sales agreement between the buyer and the seller. The listing agent has not sent the copy of the approval letter to the buyers agent yet. The escrow company got the letter yesterday from the bank so this is why i am asking when is it fully executable or does the buyers agent have to wait to get the letter from the listing agent?

Best answer:

Answer by celtics=championship
h,mmm

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Question by Curious: I’m looking to assign contracts on pre-foreclosure homes but I need help!!!!!?
1. Do I contact home owners by mail or phone? What do I say?
2. Once I see the home, what do I look for? Are there any inspections I need to pay for? etc…
3. What about home owners with 2 mortgages? How does that work?
4. Where is the best place to find a buyer to assign the contract to?
5. When do I get my fee?
Any help on this would be REALLY appreciated…oh and I also heard that there is a seperate form you have to have in California on top of the purchase option contract,or you can be sued?? ANyone know what form that is?

Thanks!!!!

Best answer:

Answer by Syd T
If you receive answers to ALL those questions ACCURATELY, then good luck to you.
Otherwise take a quick Community College class.

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