How A Subject To Deal Goes Sideways And I End Up In Court! [PART 7] #wholesaling #storytime

Name: How A Subject To Deal Goes Sideways And I End Up In Court! [PART 7] #wholesaling #storytime
Uploaded: 2024-06-26T23:00:01+00:00
Duration: 56 s
Channel: Nathan Payne
Description: In this segment of his “storytime” series, Nathan Payne narrates a tense courtroom episode stemming from a real‑estate “subject‑to” transaction he…

26 Jun 2024 · 1 min

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In this segment of his “storytime” series, Nathan Payne narrates a tense courtroom episode stemming from a real‑estate “subject‑to” transaction he financed creatively. The judge outlines the costs and timeline for contesting the case—approximately six to seven months of litigation and an upfront fee of about $7,000, which the opposing party must raise within two days. The other side refuses or cannot muster the money, leading them to abandon the claim three days later. Nathan regains possession of the house, describing the experience as the most nerve‑wracking legal battle he’s faced and expressing profound relief at the resolution. The story highlights the practical risks and procedural realities of creative financing in real‑estate deals.

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She's hating on me. This is what happens. The judge says, look, you guys can fight this. How much do you think you'll be able to rent this place out for? He says that to me. And I said, I don't know, it's probably like $1,000, $1,100 after we fix it up. And he's like, okay, Joe, your squad, if you want to fight this, it's probably going to take 6, 7 months to fight this. And attorney fees, you're going to have to pay upfront, like the losses that he might incur, like I might incur through, you know, fighting this. So if it takes like 6, 7 months, you guys are going to have to come up with about $7,000 and you can fight this. So that was like the solution that the judge came up with. And he's like, you got to come up with the money within like 2 days if you're going to do this. They were like, screw that. They didn't want to come up with the money. Maybe they didn't have the money. We ended up getting the property back. They left like 3 days later. I got the house and, oh man, it was a sigh of relief. I was like, oh my gosh, that was like the most nerve-wracking thing I've ever been through is going to court over a property that I had purchased on creative financing.