Letters of Intent, Trust Deeds & Investor Red Flags: Expert Legal Insight with Joe O’Kelley

GoGaddis Real Estate Radio

Segment Teaser – On this episode of Go Gaddis Real Estate Radio, we’re diving into a hot topic with Expert Advisor Joe O’Kelley, Managing Partner of O’Kelley & Sorohan, Attorneys at Law, LLC. We’re taking a close look at the use of Letters of Intent (LOIs) in real estate—specifically those submitted by investors—and what they really mean for sellers and agents alike. 📬 What’s Really Behind a Letter of Intent? Cleve sits down with Joe to discuss two recent Letters of Intent submitted by the same investor on multiple listings, raising concerns among our team. Joe helps break down: 🧾 What exactly is a Letter of Intent and how it differs from a formal purchase contract ⚠️ Whether these types of offers could be considered misleading or deceptive 💼 Is it legal? Are the investor’s representations (i.e., claiming to pay cash) enforceable or borderline fraudulent? 🔐 Are Trust Deeds a Red Flag? Joe explains the ins and outs of: Whether the property is actually transferred into a Trust How Trust Deeds are used in investor deals What protections sellers and agents should request when reviewing these types of offers What to do when an investor misrepresents their financial backing or intentions 💡 What You Should Watch Out For If you’re a seller or a listing agent dealing with investment offers, especially those touting all-cash deals that don’t quite add up—this segment is a must-listen. Joe offers practical tips on how to protect your seller clients and avoid wasting time on bad-faith offers. 🧠 You Get All the Upside At Modern Traditions Realty Group, we make sure our clients get every available option, with full transparency and legal guidance when needed. Our goal is to help you avoid regrets at or after closing by giving you the information and expertise you need up front. 📣 Let’s Talk Got a story to share, a question to ask, or a shady deal to decode? Visit GoGaddisRadio.com to submit a question, suggest a Neighborhood Spotlight, or subscribe to the podcast so you never miss an episode. 🎧 Go Gaddis Real Estate Radio – where we help you move from real estate novice to expert so home buying and selling can be done with total confidence and none of the worry typical with life’s biggest investments.