9:13 I love how you explain these difficult real estate concepts by always coming back to something as simple as Grocery Stores and Automobiles 😆 ... So simple, yet so helpful ... You're a really great teacher, Pace 💪... Thank you for these super educational videos, my friend!
If taking title subject to the existing lien seems risky to you, then try a "master lease" with "option to buy". The financial parameters can mirror the "subject to" deal without the due on sale risk.
I'm doing my hours on CE and you are absolutely right. I was surprised to see the land trust/ executory contract and that every realtor i deal with acts like it's a myth. It's in your required training
I just learned what escrow was - that explanation was 🔥 fire so relatable so simple which make it super easy to understand, now I can explain it that way and continue the chain of educating people on what escrow is ❤
Obligatory "I learned what escrow is" comment I literally just talked to an agent today who's getting all flustered about a due on sale clause holy crap
In the 2008 GFC, lenders were pulling deeds "with copy" to learn who sold the property subject to their existing debt lien. The lenders tried to accelerate their "due on sale" clause because they were desperate and wanted to be paid off. This next collapse and Greater Depression will be worse.
Capping on licensed agents about having other peeps do CE? You could've done w/o that, cuz you're standing tall and wealthy, right? You're way smart. Adept. Investor. I'm humbled, for sure. I just learned a few things as a lic. CA broker.
Hey pace, have you ever ran into a sub To sale that has a open solar loan? How would it work? I am planning on selling the home within the next 2 years. But the solar loan still has a balance of 48k. Scared that in 2 years the equity or proceeds from the sale would be just enough to pay off the solar for the new owner (traditional fha/conv/va) transaction
First off the servicer is not an origonal party to the origional mortgage especially if your mortgage has been sold multiple times so how can they enforce acceleration clause?
Hey pace more blessings to u bro I’m broke have a family and learning free because I can’t afford yet 🙏💪💪💪 But I have been making calls to on market calls. I have an agent twiddle dumb in my azz saying it’s Illegal to fix a claus 😂 Cmon pace I need you to correct this dude I tried explaining to him for what I learned from you he is in disbelieve 😂
Thanks for all your help. I was looking for the link to the private zoom video of you talking to an agent and seller. I can't seem to find it. Can you please tell me where I can find it? it was 6:20 into the video. Thanks so much.
Pace was born to teach. Wish all all schools had teachers like him.
That's one of the best compliments I've ever gotten, thanks man!
9:13 I love how you explain these difficult real estate concepts by always coming back to something as simple as Grocery Stores and Automobiles 😆 ... So simple, yet so helpful ... You're a really great teacher, Pace 💪... Thank you for these super educational videos, my friend!
Thank you bro! Glad you enjoyed the video
Just simplified escrow meaning. Thanks pace.
High level specialized knowledge, Thank you pace.
Thank you bro!
I’m such a beneficiary of you can’t help it, Pace. Thank you. I appreciate you Pace.
Appreciate you ✌🏽
If taking title subject to the existing lien seems risky to you, then try a "master lease" with "option to buy".
The financial parameters can mirror the "subject to" deal without the due on sale risk.
Best in the Business! Pace always giving us gold! Thank you, Brother! 🙏 ( FDW Gator 🐊)
Thank you bro!
Excellent information! Looking forward to joining the sub2 community
Thank you Willie! Glad you enjoyed
The receipt of real estate is the deed. Thank you so much for making these videos. You are a genius, Sir 💡✌🏻
Thank you Pace and community I am learning a lot
Love to hear this bro!
I'm doing my hours on CE and you are absolutely right. I was surprised to see the land trust/ executory contract and that every realtor i deal with acts like it's a myth. It's in your required training
Informative Pace! Love how in depth you get with this. Learning lots!
Thank you! Always happy to see you here bro✌🏽
I just learned what escrow was - that explanation was 🔥 fire so relatable so simple which make it super easy to understand, now I can explain it that way and continue the chain of educating people on what escrow is ❤
Yess! Glad you enjoyed
Obligatory "I learned what escrow is" comment
I literally just talked to an agent today who's getting all flustered about a due on sale clause holy crap
Thanks. Just found your videos recently. I feel like I can buy the whole world.
That's the spirit! Glad you like them!
Pace thank you for this great content!
Thank you bro! Glad you enjoyed
this is the biggest concern of everyone who is starting to get acquainted with this opportunity
In the 2008 GFC, lenders were pulling deeds "with copy" to learn who sold the property subject to their existing debt lien.
The lenders tried to accelerate their "due on sale" clause because they were desperate and wanted to be paid off.
This next collapse and Greater Depression will be worse.
Jesus what an excellent video... This makes me less scared to move on a property in Florida
Should do a video on land patents. The transfer of ownership of a piece of land from the goverment to a private citizen.
*voice of Neo: "I know escrow"
😂😂😂
“The receipt of real estate is the deed” Pace Morby
Yesss
the deed is the receipt for the property
Capping on licensed agents about having other peeps do CE? You could've done w/o that, cuz you're standing tall and wealthy, right? You're way smart. Adept. Investor. I'm humbled, for sure. I just learned a few things as a lic. CA broker.
Hey pace, have you ever ran into a sub To sale that has a open solar loan? How would it work? I am planning on selling the home within the next 2 years. But the solar loan still has a balance of 48k.
Scared that in 2 years the equity or proceeds from the sale would be just enough to pay off the solar for the new owner (traditional fha/conv/va) transaction
I enjoy my CE classes! 😊😂 Thanks for spreading the knowledge 🙌 Pace.
Great video, thank you!
First off the servicer is not an origonal party to the origional mortgage especially if your mortgage has been sold multiple times so how can they enforce acceleration clause?
Hey pace more blessings to u bro
I’m broke have a family and learning free because I can’t afford yet 🙏💪💪💪
But I have been making calls to on market calls. I have an agent twiddle dumb in my azz saying it’s
Illegal to fix a claus 😂
Cmon pace I need you to correct this dude
I tried explaining to him for what I learned from you he is in disbelieve 😂
Will you share your 19 addendums for these closes?
I live in TX. Should I do land trusts from the get go?
I just learned what escrow was! haha
Correct thats why the lender wanted to be in first position. Why would the bank put a lien on their own property????
Hey. In your master class you said don’t worry!
If you know how to get around it, don't worry lol
Watch the the whole video
@@PaceMorby Yep. I did. I commented in the beginning. Sorry. Always good info. Congrats on the new baby!
Thank you !
@@Myneighborhoodsolution
executive contract or land trust depending on the state
The receipt of the real estate is the deed.
Yess💪🏽
Just did
The receipt of real estate is the deed
Yess🙌🏽
Very helpful
Happy to hear that
Is the 35 days standard for the due on sale clause? Or can they refuse to give you that much time?
I always wondered what escrow was, nice
Ohhh Escrow 😮
Wonder why he doesn't say anything about the Garns St germain act?
Learned escrow
Thanks for all your help. I was looking for the link to the private zoom video of you talking to an agent and seller. I can't seem to find it. Can you please tell me where I can find it? it was 6:20 into the video. Thanks so much.
Right here man: resources.pacejmorby.com/due-on-sale-santa-clause/#form
Thanks....@@PaceMorby
Weird, the content is for buying a car with creative.
i just learned i go into escrow every time i buy groceries
Hola pace!
I put my subto deal in my name just 2 weeks ago. Was this the in correct way?
If it's truly a subject to deal the deed will say your name but the MORTGAGE will not. If the mortgage changes names that's not subject to.
Deed in my name (not trust)or that’s in sellers name is what occurred.
Supermarket escrow!
The receipt of real estate IS THE DEED!
Your wife is a real estate agent, if I'm not mistaken...
The transaction coordinators are probably licensed agents, too.
Hey Pace. I'm unable to get access to the private Zooms because of a website bug. It's wanting me to put an email for my phone number..
Are you in Subto or Gator? Contact support
@@PaceMorby Subto. I got it to work.. had to put my email address as the phone number.
Let’s go
Sub to is the way to go!