Site Navigation

Investor Information
 Home
 Monthly Update
 Real Estate Articles
 Real Estate Videos
 Real Estate Success Stories
 Real Estate Blog
 Free Investing Books, Audios
 Real Estate Books
 Investing Glossary
 Investing Abbreviations

Real Estate Products
 No Risk Guarantee
 Best Sellers
 All Investing Products
 Real Estate Courses
 Real Estate Audios
 Real Estate Ebooks
 Real Estate Books
 Real Estate Seminars
 Real Estate Games
 Special Offers

Investor Resources
 Hard Money Lenders
 Real Estate Agents
 Handyman Services
 Real Estate Clubs
 Cashflow 101 Clubs
 Business Tools
 Tax Appraisal Districts
 State Property Codes
 State Foreclosure Laws
 Proof of Funds Letter

Discussion Forums
 Networking Forum
 Beginners, Carlton Sheets
 Bird Dogs, Wholesaling
 Foreclosures, Short Sales
 Sub2, Lease Options
 Rehabbing, Landlording
 Financing, Hard Money
 Asset Protection, Legal
 Commercial, Mobile Homes
 Real Estate Marketing
 Random Ramblings

Site Information
 About Us
 Advertise on REIClub
 Contact REIClub
 Link to REIClub
 REIClub Facebook
 REIClub Twitter
 REIClub YouTube
 REIClub Testimonials



Learn Wholesaling
CD's Plus Transcripts
Click Here Now!

--------------------------
REO Experts
Reveal Their Secrets
Click Here Now!


Welcome, Guest. Please login or register.
Did you miss your activation email?
May 25, 2012, 08:53:32 PM

Home Help Search Calendar Login Register
Free Monthly Update
Name:
Email:
Click Here to Register for the Discussion Forums
Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: QUESTION RE; ASSET PROTECTION « previous next »
Pages: [1]
Print
Author Topic: QUESTION RE; ASSET PROTECTION  (Read 541 times)
scats
Member
*
Offline Offline

Posts: 1



« on: April 11, 2005, 12:40:11 PM »

Purchaser submitted an offer, Seller submitted a counteroffer.  Counteroffer was never accepted by Purchaser, expiration dates expired. Months later, property values escalated.  After discovering the Seller was experiencing financial difficulties due to a lengthy divorce, Purchaser decided to press a closing, and when that didn't work, force a sale.  Purchaser created a completely new contract, complete with forged initials, and submitted this as the exucuted contract.  Lis pendence and complaint followed when the seller refused to comply with the demanded closing.  
OF COURSE; a counterclaim (for fraud) has been filed by the seller, but the waiting game of the courts, and funds needed for legal representation will not work with the sellers current financial status; the purchasers pursued their actions based on thier knowledge of this, knowing that thier filing, and the blocking of sellers equity would "bully" seller into having to fold before she could substantially hit back.

Besides a counterclaim, what else can the seller do to protect herself? Poster welcomes personal reply
« Last Edit: April 12, 2005, 07:42:26 AM by scats » Report to moderator   Logged
Dave T
Member
*****
Offline Offline

Posts: 2963


« Reply #1 on: April 13, 2005, 09:13:45 AM »

Isn't fraud a criminal activity, with the case prosecuted by the district attorney?  Is so, then there is no legal fee to be paid by the victim of the fraud.

Perhaps the seller should contact the district attorney's office to see where she stands.
Report to moderator   Logged
Pages: [1]
Print 
Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: QUESTION RE; ASSET PROTECTION « previous next »
Jump to:  



Login with username, password and session length

Powered by SMF 1.1.8 | SMF © 2006-2012, Simple Machines LLC

 
Anti-Spam Policy | Compensation Disclosure | DMCA Notice | Earnings Disclaimer | External Links Policy | Privacy Policy | Terms And Conditions | View Cart
©2002-2012 All Rights Reserved. REIClub.com