$8,725 Profit In 30 Days

Download Sold_In_30_Days.pdf

Scott said he would have the property sold for $145,000 in 30 days.

1. Scott's numbers are in column 1.

2. The "sold in 30 days" is in the upper right hand corner of the document.

3. "Proceeds to you" is listed at the bottom of the page. Scott is showing a profit of $8,725 in 30 days.

4. REMAX Central homes is listed at the bottom of the page with Scott's phone number.

Listing Contract

Download Listing_Contract.pdf

Here is a copy of the listing contract.

1. Scott could not sell this property to a buyer with a traditional mortgage because of the occupancy agreement.

2. His plan was to sell this property on a land contract. As you know, Scott's plan was rejected with the letter from GMAC.

3. Therefore, Scott COULD NOT SELL THIS PROPERTY.

Occupancy Agreement

Download Occupancy_Agreement.pdf

I know this sounds hard to believe.  Nonetheless, the following statement is true:  Scott would have to reject a purchase offer if someone wanted to buy the property.  If he sold the property quickly, he would misrepresent the occupancy agreement and the lender would start asking questions.