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rcardin
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UPDATE......I went to a pretrial hearing this morning. The prosecutor was hung up on the fact that agreement for deed is a future contract and I was still recorded on the deed. I showed him everything in the contract that showed that she has complete ownership rights but would not get the deed until the note to secure deed is paid in full. Still didn't like it. It threw him off that there was also a lease on the property attached to the AFD. I explained in the contract that if my buyer defaults it reverts to a lease situation so that I can evict rather than foreclose. When I showed him 2 years of 1099 mortgage interest statements allowing her the right to write them off on her taxes he had to ask an associate for advice. He came back and dismissed all of the citations based on the fact that I had a contract and she got the 1099 mortgage statement. I set a precedent now that should solve all future problems with anybody I put in an agreement for deed.
It sure is nice to win in one of these situations every now and then. I was facing close to 1k in fines. Iron clad contracts and good record keeping saved me today.
It sure is nice to win in one of these situations every now and then. I was facing close to 1k in fines. Iron clad contracts and good record keeping saved me today.