TDR/I-37, SOAP OPERA Options

[flyingaces]

ALL THIS STUFF GOING ON WITH THIS TRACK PAST, PRESENT, AND FUTURE WOULD REALLY MAKE A GREAT REDNECK SOAP OPERA. WE COULD CALL " AS THE TRACK TURNS".


ON A MORE SERIOUS NOTE HATE TO SEE THE RACERS AND FANS GOING THROUGH THIS, ALL WE WANT IS A PLCE TO RACE AND HAVE FUN, AND BE TOLD THE TRUTH....... IS THAT SOO HARD

[Rookie49]

Are you sure that "Apple Dumpling Gang" wouldn't be more appropriate.

[outlaw22]

I guess its time to move forward, any word on Smokin' Alley?

[Txenergy]

I guess its time to move forward, any word on Smokin' Alley?

yes,, now we will roll faster,...

[ups88john]

im in the dark here, what the %^&* is going on?

big john

[flyingaces]

im in the dark here, what the %^&* is going on?

big john

DON'T FEEL LIKE THE LONE STRANGER I THINK WE ALL ARE IN THE DARK!!!!!!!!!

[landlord]

im in the dark here, what the %^&* is going on?

big john

There was a post by casey14 that explained it all that got takin off.Now noone is talking.My bad,I assumed Nick removed it since the whole post is gone,but he just shot me a pm and said that he did not remove the post.So now it just gets thicker.Someone removed a post.How can you remove a whole post?

This post has been edited by landlord: Jul 10 2007, 09:07 AM

[NickHolt]

im in the dark here, what the %^&* is going on?

big john

There was a post by casey14 that explained it all that got takin off by Nick.Now noone is talking.

I did not take off that post.

Nick

[landlord]

Will someone just make a quick post on what in the world is going on. Sounds like the old owners are backing out of their deal with J&S,but thats just an assumption!!!

This post has been edited by landlord: Jul 10 2007, 09:44 AM

[Truck99]

This thread sort-of sums it up....maybe.

http://txsz.com/forums/index.php?showtopic=18290

[fatboyracing7]

Will someone just make a quick post on what in the world is going on. :huh:Sounds like the old owners are backing out of their deal with J&S,but thats just an assumption!!!

Or just the opposite, smoke and mirrors.........................

[landlord]

This thread sort-of sums it up....maybe.

http://txsz.com/forums/index.php?showtopic=18290

Sounds like J&S had a deal.If I agree to buy something from someone and they shake my hand and sign a contract,in my mind I own it.Because I KNOW I am going to hold up to my end of the bargain and am assuming(since I have a signed contract)that the other party is going to do the same.Maybe J&S jumped the gun by saying they owned it maybe they did'nt.None of us know,because we don't know what was agreed on,or what was in the contract.

[Rookie49]

This thread sort-of sums it up....maybe.

http://txsz.com/forums/index.php?showtopic=18290

Sounds like J&S had a deal.If I agree to buy something from someone and they shake my hand and sign a contract,in my mind I own it.Because I KNOW I am going to hold up to my end of the bargain and am assuming(since I have a signed contract)that the other party is going to do the same.Maybe J&S jumped the gun by saying they owned it maybe they did'nt.None of us know,because we don't know what was agreed on,or what was in the contract.

A contract to buy doesn't mean you have a deal. It means if everything thats listed as terms in the contract comes to pass then one of you agrees to buy and the other agrees to sell. If someone has a contract to buy then they have a certain amount of time to close. If they don't close then the contract expires. Geez has anyone on this forum ever bought a house.

You don't own until the property closes.

[landlord]

This thread sort-of sums it up....maybe.

http://txsz.com/forums/index.php?showtopic=18290

Sounds like J&S had a deal.If I agree to buy something from someone and they shake my hand and sign a contract,in my mind I own it.Because I KNOW I am going to hold up to my end of the bargain and am assuming(since I have a signed contract)that the other party is going to do the same.Maybe J&S jumped the gun by saying they owned it maybe they did'nt.None of us know,because we don't know what was agreed on,or what was in the contract.

A contract to buy doesn't mean you have a deal. It means if everything thats listed as terms in the contract comes to pass then one of you agrees to buy and the other agrees to sell. If someone has a contract to buy then they have a certain amount of time to close. If they don't close then the contract expires. Geez has anyone on this forum ever bought a house.
You don't own until the property closes.

If the contract says you have immediate use of the property,then you do.If someone backs out of a contract without a legit reason,they can then have a lawsuit filed against them.Again,if you are the buyer and have all intentions of holding up to your end of the deal,then why would you not think that you own it.Now if the seller comes back mid stream and starts changing things up thats a completely different deal.Commercial property deals(especially a business)is different than residential.Without reading the contract it's all speculation.

This post has been edited by landlord: Jul 10 2007, 10:13 AM

[sprintsrule]

Rookie49,
I have bought a house and I completely disagree with you. When I sign the contract, I tell people I just bought a house. I do not get to move in it, I do not get the keys and I do not technically own it. If what the people have told me about the property is true (they actually own it for one thing) then I am going to do my part and I will own it. Obviously I do intend to own it or I would not sign the contract to buy it. I think you are splitting hairs by acting like J&S misled us by saying they owned it. If you want to be that picky, I do not think you can say you own your house until it is completely paid for but I bet you call it your house.

The people they were buying it from were obviously going to let them hold races at the track. Therfore, I do not think it is a big leap to think there was a contract in place. Why would J&S go through all the trouble they did if they did not intend on holding up their end of the contract? When a contract is signed, the people have already agreed to buy and sell.

I can see an argument for both sides so I think it is wrong of you to make J&S look bad by saying they did not own it. We do not know all the circumstances but history shows a lot of trouble with original owners.

[speed demon 7]

Well, I have not talked to anyone about this, but I will say this. Everyone has been knocking J and S since they came into the picture. First about the sponsorship program, then the racing complex, now the dirt track. I have been dealing with them for some time now and myself and Trey can vouch for there program working. I have a new set of tires to show for it, so does Trey. I get some inside information on stuff they are working on due to my work in Houston in promoting HMP. All I can tell you is this. You guys in San Antonio have nothing to lose, you have already lost your track. Go support THR or Houston, or Corpus until they get the new track done, it won't be tomorrow. As for the dirt track, they went and saw a track that was poorly managed and prepared and decided they would make it better. I know that they went out there several times and it was under water. They put a lot of time and money into the deal and it looks like they are loosing out because the owners are backing out. Ask questions, but don't go assuming things and bad mouthing them. Who knows, when they get me a late model ride and then you guys decide to join, they will remember your bad additude and say Sorry, there are others more desieving than you!! Don't slap a sponsor in the face or you will never get anywhere.

Thanks Shelma, James, Rick, and Deb for what you are trying to do. Hope it all works out.

Arthur

[Jason]

Rookie49 is right. Guys go read the commercial resale contract on the TREC site. Thats the form they used.

This post has been edited by Jason: Jul 10 2007, 10:26 AM

[Rookie49]

Rookie49,
I have bought a house and I completely disagree with you. When I sign the contract, I tell people I just bought a house. I do not get to move in it, I do not get the keys and I do not technically own it. If what the people have told me about the property is true (they actually own it for one thing) then I am going to do my part and I will own it. Obviously I do intend to own it or I would not sign the contract to buy it. I think you are splitting hairs by acting like J&S misled us by saying they owned it. If you want to be that picky, I do not think you can say you own your house until it is completely paid for but I bet you call it your house.

The people they were buying it from were obviously going to let them hold races at the track. Therfore, I do not think it is a big leap to think there was a contract in place. Why would J&S go through all the trouble they did if they did not intend on holding up their end of the contract? When a contract is signed, the people have already agreed to buy and sell.

I can see an argument for both sides so I think it is wrong of you to make J&S look bad by saying they did not own it. We do not know all the circumstances but history shows a lot of trouble with original owners.

I'm not saying anyone misled anyone. I'm saying that buying real estate is a not like signing a contract to rent an apartment. There are all kinds of things involved in the terms. That's why you have contracts. Shelma admitted that her contract expired. There a multitude of reasons for why that deal may or may not have fallen apart, some I am aware of, most I'm not. My only point is that with hindsight being 20-20, I am sure that Shelma would agree that it was a mistake to say she had bought the track, begin making improvements, advertising, and name changing without the property being closed on.
On edit: Its a hard lesson, but I'll bet that it is one that she won't have to learn twice. I sincerely hope that someone is able to make a go of that place. I don't know the owners, but I know that they have gone through management or promoter groups like water down there. It seems like every time there is good being done, they step in and want to take it back over and it all goes to hell in a handcart again. I don't know that's just what it seems like from the outside looking in.


On edit: As to being picky about whether I own my house, yes I own my house 100%. The mortgage company has no ownership, they have a lien.

This post has been edited by Rookie49: Jul 10 2007, 10:47 AM

[sprintsrule]

Jason,
Are you positive or just guessing? Do you have inside information?

[landlord]

Until you pay off that lien,you don't own it.

[Rookie49]

Until you pay off that lien,you don't own it.

Sure you do.

Oweing money on something has nothing to do with ownership.

[landlord]

Rookie49 is right. Guys go read the commercial resale contract on the TREC site. Thats the form they used.

Thats a standard form.It can be modified anyway two parties agree to modify it.Again without reading their original contract,it's all speculation.

Until you pay off that lien,you don't own it.

Sure you do.

Oweing money on something has nothing to do with ownership.

Try selling it without getting that lien signed.

This post has been edited by landlord: Jul 10 2007, 10:44 AM

[Jason]

Ok this is getting stupid and trivial. How about going to the courthouse and seeing whos name is on the deed. There's your owner.


Oh and I read the original contract.
and..."landlord" your contradicting yourself. First you say you own it with a handshake and contract and now you say once you pay off the lien. Make up your mind man.
J

This post has been edited by Jason: Jul 10 2007, 10:52 AM

[Rookie49]

Ok this is getting stupid and trivial. How about going to the courthouse and seeing whos name is on the deed. There's your owner

Agree 100%
Out of the mouths of babes...

[landlord]

Ok this is getting stupid and trivial. How about going to the courthouse and seeing whos name is on the deed. There's your owner.


Oh and I read the original contract.
and..."landlord" your contradicting yourself. First you say you own it with a handshake and contract and now you say once you pay off the lien. Make up your mind man.
J

What I said was without reading the original contract it's all speculation.J&S might have been paying cash in that case "no lien".If they had a deal and J&S knew that they were going to hold their end of it,Why would'nt they assume that it was theirs.J&S was using it like it was theirs.There must have been something in the contract to make them think that they owned it.

Ok this is getting stupid and trivial. How about going to the courthouse and seeing whos name is on the deed. There's your owner

Agree 100%
Out of the mouths of babes...

Like I said,try selling without a release of lien and see how far you get.You are the sole owner once you meet all the payment obligations.It's really pretty simple!!!!

This post has been edited by landlord: Jul 10 2007, 11:05 AM