Saturday, May 27th, 2017

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The Memorandum of Agreement Explained (Free)

Memorandum of AgreementHey, guys!

Yep, that’s right, it’s time for another FREE REI form and video! Yay!

This one comes from my buddy and short sale sherpa Shaun – and actually I had to get special permission to use it, as it comes right out of the forms videos included in his full Short Sale Wealth Academy home study course.

This form is very similar in function to my Affidavit of Equitable Interest, but does have a few differences.  The video below explains it.

Key Resources:

  • If you haven’t already picked up my goody bag full of other forms, you can get ’em now at FreeREIforms.com…

And now without further ado, please enjoy the free video…

Please share your comments on this below!…

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About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • Jared

    Another great informational video JP! I will have to keep this form in mind when I start more into shortsales b/c I can see how it could be very usefull. Thanks!

  • Jared

    Another great informational video JP! I will have to keep this form in mind when I start more into shortsales b/c I can see how it could be very usefull. Thanks!

  • Great idea. Appreciate the content you are providing.

  • Great idea. Appreciate the content you are providing.

  • Glenn

    Useful form, explained very well. Given your track record, it is good to take for granted that when you offer such content one may be certain of its value. This is no exception.

    Thanks JP and Shaun.

  • Glenn

    Useful form, explained very well. Given your track record, it is good to take for granted that when you offer such content one may be certain of its value. This is no exception.

    Thanks JP and Shaun.

  • Using this document where it needs to be notarized, usually at least in my area, the signature of the buyer would need to be notarized for recording – ( making the claim of having the agreement )The seller doesnt have to sign and doesnt even have to know the doc exists you dont even fill let alone record it unless you suspect a seller or another buyer to bypass you.. Hope this helps someone..

    Click Here For the Cash to Fund your Real Estate Investment Deals

  • Using this document where it needs to be notarized, usually at least in my area, the signature of the buyer would need to be notarized for recording – ( making the claim of having the agreement )The seller doesnt have to sign and doesnt even have to know the doc exists you dont even fill let alone record it unless you suspect a seller or another buyer to bypass you.. Hope this helps someone..

    Click Here For the Cash to Fund your Real Estate Investment Deals

  • Aaron Williams

    Great post and great info. With people panicking and other investors stealing other wholesaler deals in this marketplace this is a very important piece of paper to have. It also works great when the sellers try to go behind your back and sell to someone else and you get the call from their closing attorney.

  • Aaron Williams

    Great post and great info. With people panicking and other investors stealing other wholesaler deals in this marketplace this is a very important piece of paper to have. It also works great when the sellers try to go behind your back and sell to someone else and you get the call from their closing attorney.

  • TSK

    so that means this would have to be filed by the wholesaler and given to the title company? or file this to county of register? and the only people that need to be present are witness, wholesaler and the buyer for this memorandum to work? and what happens at the closing in the title company? does the wholesaler need to remove this to get rid of the “cloud”?