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Hanging deeds can entangle real estate rookies.

Publication: Mississippi Business Journal
Publication Date: 19-SEP-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Hanging deeds can entangle real estate rookies.(From the Ground Up)

Article Excerpt
Warning to novice real estate investors: The hanging deed is out to get you.

During the past five years, many new investors have entered the real estate market. Some of them have attended seminars on how to flip property, have participated in creative financing deals and literally had overnight success in some cases. People are buying property sight unseen from sellers sight unseen through people who are playing the game with little or no knowledge of real estate license laws or basic real estate law.

Many thought that the real estate bubble was about to burst, but Hurricane Katrina will provide additional air and additional ways for rookie investors to make a quick buck. Later, complaints to regulatory agencies will increase and the investigators...

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