real estate transaction in US?

Jamika Gregorio: that is just one of the reasons why the housing market is in such a downturn. People selling homes they do not own on a 3 or even 4 party assumption/owner finance deal and one of them in the pyramid does not make the payments to the mortgage holder so it goes in foreclosure. The one living in the home loses the most when they get evicted into the street. I am not saying that if by law everyone had to use a licensed agency it would completely eliminate wacky and dangerous deals but at least the end person would have a license to go after and not private people who disappear into thin air when the deal blows up....Show more

Rhett Kaines: It can be person to person, or agents can be involved. Check the state regulations for statutes regarding real property, but in many cases real estate transactions are nothing more than what buyer and seller agree to in writing.Those agreements can be altered and changed along the way, as long as the parties agree to ! those changes in writing and it can happen with or without real estate agents being involved....Show more

Alisia Sutphen: You can record ANYTHING at the court house. They don't care what it is as long as it conforms to their recording guidelines (1 inch margin on top, bottom & both sides). Get a generic lien form, a copy both sides of your cancelled check. You will need the legal description of the property. Then file it. It will cloud their title enough that the title insurance company will want explanation & hopefully a payoff. It's better than nothing. Hopefully, there was a notation in the memo line that said "loan" or "down payment". We've recorded listing agreements against some properties years ago just because a seller pulled a stinky....Show more

Andrew Sinatra: In the US we have real estate agents who handle most real estate transactions, but there are some deals between buyers and sellers where real estate agents are not involved. In California, most! closings are done through an escrow company, but in Florida, ! and other states such as Illinois, the closing is not done through an escrow company.Dana (attorney/real estate investor)...Show more

Mack Ukich: They are out there. Some of the larger franchises are CENTURY 21, Coldwell Banker, ERA, and many many more. Most transactions are with a licensed real estate professional or Realtor. If you are not familiar with the law in your area it would be best to work with them not try to do it on your own. Good Luck!