Signed Jet
Here are Todays Amazing Signed Jet Deals
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 Elegant 1940s Vintage Jet Black Round Bead Knotted Necklace 16 $15.62 Time Remaining: 28d 3h 20m Buy It Now for only: $15.62 Buy It Now | Add to watch list |
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 RARE FIND SALVADOR TERAN Tribal 22Kt Gold plate Ceramic Atzec Deity Parure $122.50 (10 Bids) Time Remaining: 5h 49m Buy It Now for only: $345.00 Buy It Now | Bid now | Add to watch list |
 VINTAGE JEWELRY BLACK JET GLASS GRADUATING BEADS HAND KNOTTED NECKLACE JAPAN $15.99 Time Remaining: 29d 2h 1m Buy It Now for only: $15.99 Buy It Now | Add to watch list |
 Vintage Jewellery 75 PIERCED EARRINGS Jet Black Enamel Gold Costume SALE $9.00 Time Remaining: 7h 6m Bid now | Add to watch list |
 Vintage VENDOME High End Pebbled AB Art Glass Bead 3 Strand Necklace $185.00 Time Remaining: 29d 3h Buy It Now for only: $185.00 Buy It Now | Add to watch list |
 Southwestern Sterling Silver Stone Inlay Ring CARLISLE CAROLYN POLLACK Sz 8RS M $43.67 (19 Bids) Time Remaining: 8h 57m Bid now | Add to watch list |
 Vintage Lee Sands black onyx milk glass french jet lucite necklace earring set $10.50 (5 Bids) Time Remaining: 9h 3m Bid now | Add to watch list |
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 Vintage WEISS Signed Necklace 14 Jet Black Faceted Beads Prong Set Perfect EUC $19.99 Time Remaining: 13h 51m Buy It Now for only: $1,000.00 Buy It Now | Bid now | Add to watch list |
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 Vtg Hand Knotted Austrian Signed French Jet Faceted Crystal Necklace1940 $65.00 (1 Bid) Time Remaining: 14h 6m Bid now | Add to watch list |
 LOVELY ANTIQUE VICTORIAN ENGLISH FACETED WHITBY JET COILED SNAKE BRACELET c1870 $325.00 Time Remaining: 28d 17h 1m Buy It Now for only: $325.00 Buy It Now | Add to watch list |
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 Vintage Bijoux Ornella Faceted Bead Bib Necklace 5 Strands Made in Italy Signed $132.00 Time Remaining: 25d 5h 56m Buy It Now for only: $132.00 Buy It Now | Add to watch list |
 Trifari Necklace and Earrings LK $14.99 Time Remaining: 18h 57m Bid now | Add to watch list |
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 VINTAGE JET EARRINGS 14K GOLD SIGNED MA $103.20 Time Remaining: 1d 2h 16m Buy It Now for only: $103.20 Buy It Now | Add to watch list |
 VINTAGE Large Silvertone Oval Black Glass Coal Etched Picture BROOCH $3.11 Time Remaining: 1d 1h 6m Bid now | Add to watch list |
 Pell Japanned Black Rhinestone Figural Cat Brooch $12.99 Time Remaining: 25d 2h 10m Buy It Now for only: $12.99 Buy It Now | Add to watch list |
 Antique VICTORIAN MOURNING FRENCH JET WATCH CHAIN with Enamelled Fastener $3.13 (3 Bids) Time Remaining: 1d 1h 9m Bid now | Add to watch list |
 Large Victorian Whitby Jet Cross Pendant $62.54 (1 Bid) Time Remaining: 1d 1h 14m Bid now | Add to watch list |
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 PRETTY PAIR OF 1930s FRENCH JET PENDANT EARRINGS $15.87 (16 Bids) Time Remaining: 1d 1h 15m Bid now | Add to watch list |
 Mixed Lot Good Quality Vintage Jewellery 1940s 60s $46.91 (17 Bids) Time Remaining: 1d 2h 7m Bid now | Add to watch list |
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 Classy Vintage 1940s Jet Black Czech Glass Necklace 18 $17.18 Time Remaining: 3d 2h 37m Buy It Now for only: $17.18 Buy It Now | Add to watch list |
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 ANTIQUE VICTORIAN CARVED JET PENDANT FAUX LOCKET $7.80 (1 Bid) Time Remaining: 1d 2h 17m Bid now | Add to watch list |
 VINTAGE ART DECO FRENCH JET CLEAR ART GLASS BEADS WIRED NECKLACE $39.09 Time Remaining: 27d 4h 3m Buy It Now for only: $39.09 Buy It Now | Add to watch list |
 Vintage Antique Victorian Whitby Jet Carved Flower Large Bead Long NECKLACE 59g $24.22 (14 Bids) Time Remaining: 1d 2h 20m Bid now | Add to watch list |
 WONDERFUL KISSY BIRD Necklace Zuni Inlay Sterling Silver Squash Blossom Coral $719.20 Time Remaining: 17d 9h 17m Buy It Now for only: $719.20 Buy It Now | Add to watch list |
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 ANTIQUE VICTORIAN VULCANITE PRESSED HORN MOURNING HAND BROOCH w WREATH $37.02 (8 Bids) Time Remaining: 1d 2h 25m Bid now | Add to watch list |
 VINTAGE VENDOME SIGNED AMBER CRYSTAL FRENCH JET AND WHITE PEARL NECKLACE $110.00 Time Remaining: 23d 22h 59m Buy It Now for only: $110.00 Buy It Now | Add to watch list |
 Vintage Antique Art Deco Carved BAKELITE Early Flower Plastic Beads NECKLACE $17.20 (6 Bids) Time Remaining: 1d 2h 28m Bid now | Add to watch list |
 75 L C SIGNED BLACK METAL BRACELET 5 8 OVAL AND 1 4 ROUND JET BLACK STONES $14.99 Time Remaining: 1d 3h 22m Buy It Now for only: $14.99 Buy It Now | Add to watch list |
 ANTIQUE VICTORIAN FRENCH JET CHOKER NECKLACE $23.44 Time Remaining: 1d 2h 37m Bid now | Add to watch list |
 Vintage Antique Art Deco Rhinestone Crystal French Jet Black Glass Bead NECKLACE $7.80 Time Remaining: 1d 2h 37m Bid now | Add to watch list |
 Vintage Signed West Germany Necklaces $9.99 Time Remaining: 1d 3h 13m Buy It Now for only: $9.99 Buy It Now | Add to watch list |
 antique Victorian 59 long french jet oval glass bead flapper necklace 1899 $29.71 Time Remaining: 1d 2h 57m Bid now | Add to watch list |
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 STUNNING ANTIQUE VICTORIAN EXTRA LONG TINY WHITBY JET BEAD NECKLACE 53 INS LONG $42.04 (8 Bids) Time Remaining: 1d 2h 57m Bid now | Add to watch list |
 VICTORIAN FRENCH JET LILY OF THE VALLEY BAR BROOCH MOURNING $31.21 (3 Bids) Time Remaining: 1d 3h 17m Bid now | Add to watch list |
 VINTAGE 50s FACETED FRENCH JET BEADS FLAPPER LONG NECKLACE $33.62 Time Remaining: 7d 1h 51m Buy It Now for only: $33.62 Buy It Now | Add to watch list |
 vintage victorian revival faux pearl french jet gold tone flower brooch 2394 $7.66 (1 Bid) Time Remaining: 1d 3h 22m Bid now | Add to watch list |
 Vintage Signed Gold Vendome Black Jet Glass Crystal Beads Choker Necklace 16 $17.99 Time Remaining: 7h 41m Buy It Now for only: $17.99 Buy It Now | Add to watch list |
 antique Victorian clear rhinestone brass faux jet mourning brooch hinge pin 2399 $7.66 Time Remaining: 1d 3h 23m Bid now | Add to watch list |
 Antique Victorian Jet Hat Pin Head a f $1.55 (1 Bid) Time Remaining: 1d 3h 27m Bid now | Add to watch list |
 Chunky Vintage Gold Tone Clip Earrings Large Jet Black Drop Dangling Classy $13.17 Time Remaining: 13d 4h 20m Buy It Now for only: $13.17 Buy It Now | Add to watch list |
 VINTAGE BEN AMUN FOR CALVIN KLEIN DIAMANTE JET RUNWAY BRACELET $26.00 (4 Bids) Time Remaining: 1d 3h 28m Bid now | Add to watch list |
 Sarah Coventry Cross Pendant Porcelain 18KT Gold Leaf $36.00 Time Remaining: 15d 4h 48m Buy It Now for only: $36.00 Buy It Now | Add to watch list |
 VINTAGE BEN AMUN FOR CALVIN KLEIN DIAMANTE JET RUNWAY NECKLACE $11.50 (3 Bids) Time Remaining: 1d 3h 29m Bid now | Add to watch list |
 Beautiful Victorian large Whitby jet rose floral cameo mourning brooch $42.84 (4 Bids) Time Remaining: 1d 3h 52m Bid now | Add to watch list |
 Vintage JULIANA Drippy Bib Black Clear Rhinestone Necklace RARE $99.99 Time Remaining: 29d 21h 49m Buy It Now for only: $99.99 Buy It Now | Add to watch list |
 Very large Victorian carved Whitby jet hair locket mourning brooch $114.48 (9 Bids) Time Remaining: 1d 3h 58m Bid now | Add to watch list |
 antique Victorian big daisy flower french jet triple pendant drop necklace 2372 $312.70 Time Remaining: 27d 6m Buy It Now for only: $312.70 Buy It Now | Add to watch list |
 VICTORIAN WHITBY JET CARVED BEAD DROP EARRINGS IN GOLD MOUNTS MOURNING $40.65 (10 Bids) Time Remaining: 1d 3h 58m Bid now | Add to watch list |
 Stunning antique French jet wide mourning bracelet $25.64 (2 Bids) Time Remaining: 1d 3h 59m Bid now | Add to watch list |
 ANTIQUE VICTORIAN FRENCH JET WIDE MOURNING BRACELET $85.99 Time Remaining: 19d 4h 22m Buy It Now for only: $85.99 Buy It Now | Add to watch list |
 Fine quality Victorian very large French jet mourning brooch $25.01 (1 Bid) Time Remaining: 1d 4h 17m Bid now | Add to watch list |
 Exotic Black Silver Tone Modernist Egyptian Inspired Slide Pendant For Necklace $5.84 Time Remaining: 9d 2h 28m Buy It Now for only: $5.84 Buy It Now | Add to watch list |
 STUNNING STANLEY HAGLER HUGE FAUX PEARL BLACK ART GLASS CAMEO PIN $79.99 Time Remaining: 1d 4h 30m Bid now | Add to watch list |
 Pair gorgeous antique Whitby jet long mourning pendant earrings $25.65 (5 Bids) Time Remaining: 1d 4h 31m Bid now | Add to watch list |
 VICTORIAN CARVED BLACK JET MOURNING LOCKET 19TH C $140.32 Time Remaining: 17d 2h 54m Buy It Now for only: $140.32 Buy It Now | Add to watch list |
 Amazing HIGH END Vintage Retro DECO Jewelry DESIGNERS BooK PcsRhinestones +++ $399.99 Time Remaining: 1d 4h 43m Bid now | Add to watch list |
 ANTIQUE VICTORIAN WHITBY JET BRACELET damage 19TH CENTURY $54.72 Time Remaining: 25d 19h 25m Buy It Now for only: $54.72 Buy It Now | Add to watch list |
 Stunning antique French jet forget me not flower mourning bracelet $25.01 (1 Bid) Time Remaining: 1d 4h 53m Bid now | Add to watch list |
 Beautiful Victorian large Whitby jet grapes vine leaves cameo mourning brooch $26.28 (2 Bids) Time Remaining: 1d 4h 58m Bid now | Add to watch list |
 SARAH COVENTRY NECKLACE PENDANT JET ELEGANCESEE MY MUSEUM STORE FOR MORE $9.95 Time Remaining: 11d 18h 51m Buy It Now for only: $9.95 Buy It Now | Add to watch list |
 Stunning Victorian gold metal blue enamel French jet pendant photo locket $25.01 (1 Bid) Time Remaining: 1d 4h 59m Bid now | Add to watch list |
 GENUINE Vintage 60s LUCITE Plastic POP ART Colorful BRIGHT Dome Band Ring NOS $12.00 Time Remaining: 28d 11h 39m Buy It Now for only: $12.00 Buy It Now | Add to watch list |
 Large Victorian French jet silver intaglio mourning brooch $25.01 Time Remaining: 1d 5h 2m Bid now | Add to watch list |
 Stunning antique French jet mourning bracelet $25.01 Time Remaining: 1d 5h 3m Bid now | Add to watch list |
 Vintage Signed Hattie Carnegie Brooch Set in Jet Black Crystals $93.50 Time Remaining: 21h 25m Buy It Now for only: $93.50 Buy It Now | Add to watch list |
 Pair gorgeous antique French jet long mourning pendant earrings $25.01 (1 Bid) Time Remaining: 1d 5h 8m Bid now | Add to watch list |
 Vintage Yechang Rhinestone Chain Bracelet Gold Tone Signed Estate $25.00 Time Remaining: 15d 4h 48m Buy It Now for only: $25.00 Buy It Now | Add to watch list |
 SIGNED VINTAGE HOBE CRYSTAL RHINESTONE GLASS BEAD PEARL NECKLACE BRACELET SET $34.00 (4 Bids) Time Remaining: 1d 5h 30m Bid now | Add to watch list |
 Beautiful Victorian large Whitby jet shell cameo mourning pendant Bacchante $28.78 (3 Bids) Time Remaining: 1d 5h 44m Bid now | Add to watch list |
 6 GOLD BLING COSTUME NECKLACES DESIGNER BELT 814 $20.00 Time Remaining: 24d 9h 16m Buy It Now for only: $20.00 Buy It Now | Add to watch list |
 Pair antique carved Whitby jet mourning pendant earrings $29.40 (5 Bids) Time Remaining: 1d 5h 50m Bid now | Add to watch list |
 Vintage 1960s 70s Triple Strand Jet Glass Goldtone Bead Chain Necklace NOS $31.25 Time Remaining: 13d 23h 33m Buy It Now for only: $31.25 Buy It Now | Add to watch list |
 Collection antique French jet beads trims necklace large tassel $25.01 (2 Bids) Time Remaining: 1d 6h 19m Bid now | Add to watch list |
 Stunning antique gold metal reverse carved cameos French jet mourning bracelet $62.55 Time Remaining: 1d 6h 25m Bid now | Add to watch list |
 VINTAGE SOUTHWESTERN TRIBAL STERLING SILVER INLAY CARVED TURQUOISE BIRD RING $175.00 Time Remaining: 7d 6h 27m Buy It Now for only: $175.00 Buy It Now | Add to watch list |
 ALL WEISS SPARKLING RHINESTONES COLLECTION $49.00 (1 Bid) Time Remaining: 1d 6h 29m Bid now | Add to watch list |
 Elegant Vintage Deco Design Black Crystal Tear Drop Earrings $23.44 Time Remaining: 28d 23h 45m Buy It Now for only: $23.44 Buy It Now | Add to watch list |
 Sherman 1950s BLACK JET 1 WIDE JAPANNED FINISH JET CRYSTAL CLUSTER BRACELET NR $228.15 (16 Bids) Time Remaining: 1d 6h 38m Bid now | Add to watch list |
 VINTAGE 80S AJC LARGE CHUBBY CHARACTER AEROPLANE JET BROOCH UNWORN $7.80 Time Remaining: 1d 6h 38m Bid now | Add to watch list |
 Fabulous Vintage Yellow Black Glass Chandelier Drop Clip Earrings $19.54 Time Remaining: 19d 3h 13m Buy It Now for only: $19.54 Buy It Now | Add to watch list |
 Sterling TAXCO Art Deco CAT Brooch Pin Chrysoprase Carnelian Jet Silver $39.00 Time Remaining: 1d 6h 42m Bid now | Add to watch list |
 Vintage Designer Lewis Segal California Dangle Drop Jet Black Crystal Earrings $14.99 Time Remaining: 25d 8h 23m Buy It Now for only: $14.99 Buy It Now | Add to watch list |
 Fine large Victorian Whitby jet IMO mourning pendant locket $62.55 Time Remaining: 1d 6h 46m Bid now | Add to watch list |
 RARE BLACK CLEAR MURANO WEDDING CAKE NECKLACE OLD $39.99 Time Remaining: 1d 7h 58m Bid now | Add to watch list |
 Vintage Sarah Coventry Jet Set Silver Tone Black Center Circle Brooch Pin $12.99 Time Remaining: 24d 5h 25m Buy It Now for only: $12.99 Buy It Now | Add to watch list |
 Vintage Brooch Pin LIZPAIACIOS SF Swarovski Crystal Rhinestone Jet Black Jewelry $20.00 (7 Bids) Time Remaining: 1d 8h 4m Bid now | Add to watch list |
More Great Information on Signed Jet:
The Mark Is Selected...The Fix Is In...Sting Underway by Dale Rogers
Trevor showed up at an open house party held by a local Realtor, Mary, for a new homebuyer. Several neighbors had dropped in for the welcoming event. A friend of the Title Company who had closed the loan for the new homeowner had invited Trevor to the gathering, as he was new in town and had stopped at the Title Company making inquires about future purchase business. Mary peeking out the window witnesses a sharply dressed middle aged man probably in his late 30s she surmised driving a brand new Mercedes. Upon entering, Trevor was dripping in bling with a huge Rolex watch, a heavy gold chain on his wrist and tailored suit that looked very expensive dressed out with a fine silk tie and a gold ring with an onyx setting bordered with small diamonds. It was a rare sight to see someone with French cuff links and a pleated white shirt. The light shinned off his carefully trimmed jet-black hair with a light amount of hair gel while showing good contrast with a deep tan. Mary noted that he was somewhat handsome man over six feet tall with a slight northeaster accent. He almost looked out of place but had an electric smile and a warm manner. There were about 20 people at the party. Introductions were made and Trevor indicated that he was involved in Real Estate investments. As small clusters of people gathered in various areas of the dining room and kitchen each sampling the bounty of passing dishes Trevor made his way from each group making small talk and further discussing the benefits of real estate investing with each. Betty Jane listening to the discussion appeared to be in deep thought. Finally, Betty Jane, a recent divorcee, asked Trevor if it was a good time to invest. Trevor turned his sharp focus in Betty Jane's direction. Betty Jane was a friend of the new homebuyer and had used the same Realtor and Title closer on her loan and purchase twelve months ago. She had a comfort level with the professionals in the room. Betty Jane finally indicated to Trevor that she had recently became interested in finding property that would give good cash flow over something other than she was getting in CDs at the bank. Trevor engaged her further. A lengthy discussion followed. Numbers and information was exchanged. The game was on.
Betty Jane had excellent credit and was a professional marketing manager in her own right and had assets in the bank as well as a full investment portfolio which was just barely going sideways with the recent market climate. She wasn't losing any money, but she wasn't making much either. While at work Trevor called to make small talk and inquire as to the depth of Betty Jane's commitment to find a good investment property.
A week passed and Trevor called Betty Jane to indicate that he might have something on the radar in the way of a stellar investment but would check it out fully before bothering her with anything that would not be in her best interest.
A few days later, Trevor called to say he had found a property but after doing a careful due diligence found the property had a termite problem. Likewise the owner wasn't forthcoming about a settling problem of unstable soil in the neighbors house which could effect the for sale property so he rejected that possibility but was still looking for other opportunities. Trevor explained that he ran in different investment circles and was able to locate properties with extremely motivated seller's who would listen to offers. Trevor's stock began to rise.
A week later, Trevor called Betty Jane regarding an incredible deal that he had found and wanted to show the property to her with the listing Realtor. Since this was an exclusive property other Realtors were not being invited to sell it. The property was vacant and needed some improvements to bring it up to the neighborhood standards but had great square footage and otherwise in good structural condition. Betty Jane saw the potential and many of the homes in the area were selling in excess of $400,000.
Incredibly, Trevor called Betty Jane and indicated that he was in contact with a national writer who was looking for a large home in the area while he studied research material in the historical archives at the University in the area of Indian culture. This was to be the first in a series of three books, which would take some ten years to complete. It was a fiction based but needed to be factual in the background information. He wanted to lease with an option to buy a home similar to what Trevor was touting to Betty Jane but wanted some specific remodeling completed before moving in. The author wanted to remain below the radar and wanted to use a third party intermediary to negotiate and protect his identity. In this case, it was the author's business manager. Trevor met with Betty Jane and showed her the agreement. Remarkably the terms included paying $5,000 per month including all utilities and deposits, and Trevor showed Betty Jane a cashiers check for $12,000 representing the first and last month's rent and $2,000 option money. The option price was set at $600,000 or appraised value in three years. The improvements would certainly make the property worth a lot more, Betty Jane reasoned. The stipulation of the lease-option was that the property had to be remodeled to meet the specifications of the anonymous author who demanded secrecy, security, and floor plan modifications with a new kitchen as the author professed to be a gourmet cook. Trevor showed Betty Jane a virtual plan of the remodeled property that the author had agreed to in the lease option agreement. Trevor went on to explain the author was demanding autonomy and did not want any publicity while he worked on his next series of books. For that reason a high security fence was to be built in the back to shield him from prying eyes. Trevor's contractor connection had already bid the property construction work out at $85,000. However, to take care of this opportunity, Betty Jane would need to move quickly to lock up this rare deal. The sales price was set at the appraised price of $425,000.00. This was about $40,000 more than the closest comparable but there was this great lease option and there were improvements to be made. Betty Jane decided to go ahead. With Betty Jane's excellent credit she was able to get a 90% Combined Loan To Value with an 80% first of $340,000 at 6.5% and 10% LTV second mortgage of $42,500 at 8%. The total payment was $2,149.03/month on the first mortgage and $311.85 on the second for a total principal and interest payment of $2,149.03 + $311.85 = $2,460.88/month plus $390/month in taxes and $280/month insurance for a total payment of $3,130.88/month. And even with paying the utilities budgeted at $800/month including lawn care and maintenance that would still leave approximately $3,130.88 + $800 = $3,930.88 outgo with $5,000 in rent would give $1,069.12/month in estimated cash flow each month. With a 10% down payment of $42,500 and $8,000 in closing cost Betty Jane's total investment was now $50,500 for which she figured she would get $12,829.44/$50,500 = 25.40% Return On Equity. Trevor showed her with the depreciation with land value backed out at $100,000 the improvement remainder of $325,000/27.5 years = $11,818.18/year in depreciation. The interest deduction would amount to $22,100 on the first mortgage and $3,400.00 on the second mortgage for a total deduction of $25,500. This would make for depreciation deduction of $11,818.18/year plus $25,500 the first years interest for a grand total of $37,318 to offset the rental income. The future appreciation and option exercise price Trevor demonstrated to Betty Jane was a situation investors dreamed about.
With the improvements the Return on Equity was now at 9.94%. The only thing Betty Jane needed to do was to arrange for the $85,000 construction funds to make the improvements on the purchase. For this Betty Jane took out a Home Equity Line Of Credit on her personal residence. All the mortgages and the closing were completed in three weeks from start to finish. The appraiser had to supply some additional comparables with notes of the impending improvements the lender signed off. The closing was held at a Title company of the seller's and Trevor's choosing. Betty Jane received the signed Lease Option Agreement with the $12,000 check from the author's business manager and she wrote a check out to the construction company which promised to complete all the work in two weeks and thus needed the entire $85,000 up front. This she gave to Trevor. On the closing statement was a $40,000 amount paid from the seller's side payable to Trevor for contract assignment and consulting. Trevor indicated to Betty Jane that this was normal and customary in his investment practice and at any rate he reinforced to her that since she was getting such a Great Deal she shouldn't mind sharing some of the profits. Besides, the seller was paying for it. Closing went on and Betty Jane was the proud owner of the property to be leased to a famous author.
The contractors failed to show up on Monday as planned. Betty Jane called Trevor. The phone was disconnected. She called again. Disconnected. In a panic, Betty Jane called the original Title person, Patricia, who closed on her home loan and had made the introduction at the open house to find out if she had heard from Trevor. She stated that the last time she had seen Trevor was at the Open House but she asked why she was trying to find Trevor. Betty Jane told the story. There was dead silence on the other end of the line. Patricia took a deep breath and shared with Betty Jane that she may be a victim of fraud. Betty Jane broke down and cried. Patricia insisted that Betty Jane call the FBI and tell her story. Agent Ryan showed up at Betty Jane's home and they went through all the details. Agent Ryan had been chasing this con man for over a year now. As the facts were revealed, the appraiser in conjunction with the Title Company by using two closing statements, one for the bank and one for the seller had all participated in perpetrating this fraud on Betty Jane. Agent Ryan shared that Trevor" had closed three other deals on the same day and left town. The house was actually worth about $375,000 and needed work. Trevor" had received $85,000 from Betty Jane and another $40,000 from the Title company for a total score of $125,000. The $12,000 check Betty Jane received bounced and was worthless. Betty Jane was left with a property worth less than $50,000 from what she paid for it. The market rents were only $2,000 per month if that. Now Betty Jane had a $3,130.88 plus a Home Equity Line Of Credit payment on her personal resident of $653.58/month with a massive shortfall to look at each month.
To cut the bleeding Betty Jane with her Realtor friend spiffed the property up as much as possible with paint and cosmetics and was able to sell the property for a little less than the mortgage. Betty Jane made up the difference out of the pocket. Betty Jane's attorney sued the Title Company and the appraiser along with the participating Realtor and they have yet to go to court. This transaction had the potential to destroy Betty Jane's excellent credit. It was a strain.
Agent Ryan, using a group picture from the open house party put out fresh photos of Trevor" and two weeks later he was captured and charged with mortgage fraud among a litany of other charges. He still had some of the remainder cash but there were lots of people after their money and Betty Jane had little hope of getting all her money back. She was now, a lot wiser however.
Eventually, she did back in the real estate game with a team of good people and is slowly winning her way back.
Like any investment there are things to look for. If it sounds too good to be true, it probably is.
It's always advisable to have an attorney at your side during negotiations and at closing. Get all the facts. Deal with established companies and brokers well known and long experienced in the community. Someone new in town just showing up is a red flag. Anyone can independently verify values. Start with the local assessor and work it from there. One can look very closely at the title history with one's attorney to see if it's a flip property or anything else that may not look right. One needs to take their time and not be rushed into these great deals". If you happen to miss one, there will be another coming along soon. Keeping the powder dry allows one to do something another day.
Dale Rogers
www.brokencredit.com
www.sellerhelpsbuyer.com
All rights reserved. Article may be reprinted as long as the content remains intact, unchanged, and all links remain active.
Dale Rogers is a thirty-year mortgage veteran and frequent contributor to the Broken Credit Blog. The BCB is a free website created to assist the general public with information about credit repair and responsible mortgage lending.
www.BrokenCredit.com
www.sellerhelpsbuyer.com
Article Source: http://www.earticlesonline.com/Article/The-Mark-Is-Selected-The-Fix-Is-In-Sting-Underway/107843