bill bronchick coaching

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Bill Bronchick is an expert real estate advisor who offers mentoring for all real estate issues.

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Bill Bronchick’s Coaching Tells All about The Bona Fide Purchaser

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Bill Bronchick is an expert real estate advisor who offers mentoring for all real estate issues. His excellent coaching have helped a large number of people in making profitable deals. Bill Bronchick tells about the bona fide purchaser in his coaching classes.

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In a foreclosure situation, an investor often gets a quitclaim deed for free. Bill Bronchick’s coaching classes explain that if a subsequent purchaser gets a deed for nothing, then records first, he is not a bona fide purchaser. Also, if he had notice of a prior transfer, even unrecorded, he is not a bona fide purchaser.

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If he acted in bad faith, he is not a bona fide purchaser. In short, the BFP rule protects an innocent buyer who really did lay out money and get a deed in good faith. Bill Bronchick’s coaching tells that foreclosure investors often act in bad faith, convincing a seller to give a deed to a property that was already transferred.

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Every state has a recording statute, which dictates who wins in a battle over ownership in the case of a "double deed" scenario as described above. Most states follow a “race-notice” rule, which means that the first person to record his document wins, so long as he is a bona fide purchaser, explains Bill Bronchick in his coaching. A bona fide purchaser is the one who received title and recorded in good faith, paid value, and had no notice of a prior transfer.

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About Bill Bronchick Bill Bronchick, CEO of Legalwiz Publications, is a nationally known attorney, author, entrepreneur, and speaker. Mr. Bronchick has been practicing law and real estate since 1990, having been involved in over 1,000 transactions. He has trained countless people all over the United States to become financially successful, speaking to audiences of as many as 16,000 at "Get Motivated" events sharing the stage with names like Rudy Guliani, Steve Forbes, and Colin Powell.

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His best selling book, ‘Flipping Properties' was named one of the ten best real estate books of the year by the Chicago Tribune. Bill Bronchick is also the co-founder and President of the Colorado Association of Real Estate Investors and the President and Chairman of the College of American Real Estate Investors.

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