Not sure how smart i am, but i told her that some smart people on the internet were saying to get out of the deal as fast as possible and showed her some of these posts, glad i came here before we signed it, not sure i could have convinced her on my own, thanks.
"A contract isn't on its face violative of law."
I guess it would depend on what the contract says. Would a signed contract to kill someone be violative of law on its face. Would a signed contract to take property away from someone in an unfair manner be violative of law on it face? I would...
I was still wondering about the legality of the seller making the buyer sign a quit claim deed. I found these three provisions in the new contracts for deed law passed in Illinois on January 1, 2018. I think all three provisions are violated to some extent when a seller makes the buyer sign...
Thanks, I just read for the first time that link you had sent in a previous message, for some reason i had missed that one, i just read it quick, will read it several more times, but that is exactly the type legislation we need to stop all these scams from happening
Legislation to Protect...
on second thought, maybe a pre signed quit claim deed might be good for the buyer, at least in one way
if the buyer defaults on the contract for deed by missing payments and all the seller has to do is sign his name to an already signed quit claim deed to get full title back, then there is no...
I like the way you call it scamming, but is it illegal in Illinois? That is my question that remains unanswered, i would probably report him to someone if it was. By the way, we took your advice today and turned down the deal, my wife was disappointed but i explained to her the best i could...
Interesting statement you made about lease option purchase being the same as contract for deed with attached pre signed quit claim deed, but it really is not. It made me think twice though.
Yes, we are aware of all that, but can someone makes us sign over the house to them before we even make the first payment on it. A typical contract for deed has no pre signed quit claim deed attached to it. I read somewhere it is illegal in some states to do this but it did not mention...
My wife and I found a very nice property that an owner was willing to sell to us with a contract for deed. All the terms of the contract looked reasonable except the fact that we had to sign this quit claim deed on the property at the same time we signed the contract for deed essentially signing...