Why are We Still Talking about a Secret County List-There is No Such Thing (LA 1489)

Why are We Still Talking about a Secret County List-There is No Such Thing (LA 1489) Transcript: Steven J Butala: Steve and Jill here. Jill K DeWit: Good day. Steven J Butala: Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill K DeWit: And I'm Jill DeWit, broadcasting from sunny Scottsdale, Arizona. Steven J Butala: Today, Jill and I talk about why are we still talking about the Secret County List? Jill K DeWit: Really? Steven J Butala: There's no such thing. Jill K DeWit: Really. Thank you for listening. I had to push this forward as a podcast topic because I can't believe it's still coming up. Steven J Butala: There is no such thing as a Secret County List to send mail to buy property. Jill K DeWit: Right. We're going to explain where this came from, why it's popular, what it is, and what you should do to save yourself. Steven J Butala: It's frustrating a lot of people, and we don't want to see that. Jill K DeWit: Exactly. Steven J Butala: We want you to succeed. Jill K DeWit: Exactly. Steven J Butala: Before we get into it let's take a question posted by one of our members on thelandinvestors.com online community. It's free. If you're already with us as a Land Academy member, join us on Discord. Jill K DeWit: Mike wrote, "I have been using the purchase agreement from Land Academy. I've recently had a seller call back and want to back out of the contract because he now wants to sell it to his daughter instead." If I had a nickel... Steven J Butala: Yeah, this is very common. Jill K DeWit: Uh-huh (affirmative). My brother, my mom, whatever. "I sent the contract to a lawyer here in Oregon, and this is his response below. I have the purchase agreement and it was signed by the seller and dated on July 15th." It's like valid until July 15, 2021. That's it. Okay. So I guess he copied and pasted there. Great. And then he goes on to say, "Has anyone else ever been in something like this? I could make a lot of money in this deal and I want to make sure it's worth it. I have seen Steve talk about how the PA is fine and sufficient enough to hold a seller to a contract. Any advice would be great." I would love to go first if I may. Steven J Butala: Sure. Yeah. I mean, I really shortened this. Jill K DeWit: Obviously. Steven J Butala: Out of respect for my co-host cause last week. Jill K DeWit: There were a mile long. Steven J Butala: She said they're too long. Jill K DeWit: Will you give me a real quick two seconds? What did the lawyer say? Steven J Butala: Well, there's a lot of money involved. He was going to make a bunch of money. Jill K DeWit: But did the lawyer have a comment? Steven J Butala: Yeah. The lawyer said you're out of luck. Jill K DeWit: Oh. Steven J Butala: And so did our moderator, Kevin. And so do I. That's what I say. Jill K DeWit: Okay. So here's the point. Here's what I was going to say. Even if the lawyer says a version of this: "Oh, absolutely binding. Here's what we do. You could expect these fees. It's going to take this long and you're going to get this deal." I don't want to be that guy. So I kind of don't really care what the lawyer says. And this came up, was it on a Thursday? It came up recently. Somebody asked me this exact question basically like, "What do you do?" You know, do you push it? Like, no, do you want to be that guy. Do you want to spend your time, your money, your energy chasing somebody down for a dumb deal. Jill K DeWit: I don't even care. I do not care if this stands up in court. Do you want to go to court over this? No, you don't want to do that. Yeah. My exact answer was, "I let karma work these things out." Totally fine. Steven J Butala: I could not agree more with everything single thing you said. We live in a world now where it's very popular on television, in the media, and even like in fictitious stories now where there's just a victim, and it ends up in a courtroom,