If there is sufficient liquidity in the estate they may be able to work out an equitable distribution of assets.5.

Well our legal system is setup on case law and statutes, and at least I know for Texas, that the case law says that I don't have to put any earnest money to make the contract valid.Should I still practice Covering Your Assets (CYA) even if the law is behind me?

We each have a 401K (I don't think I can use those assets although I can with the IRA).

Hard money and seller financing are two options for those that are credit impaired.Now obviously improving your credit should be an extremely high priority, because money gets a whole lot cheaper when you have good credit, good assets, and a good track record, but I wouldn't let bad credit stop you.I personally am the type of person to figure out what I want to do, and then figure out the way to do it.

The bank has already turned it over to an asset managmenet company (some little repairs are already being done on it).

It provides a good overview of RE and protecting one's assets. he discusses trusts and what they can accomplish.

I have checked and it is a boilerplate which asset management company is using nationwide including Massachusets and Hawaii.

The credit partner needs some verifiable liquid or semi-liquid assets for reserves.Although these are not needed for the deal to close, they are reviewed for verification use only (bank deposits, stocks, bonds, mutual funds, retirement accounts, cash value of insurance or other).The credit partners, if classified as “seasoned investors” can often participate in up to ten or more transactions per year.

Maybe even the agent will start calling you the minute they get they get the property from the bank before they publish the listing.The banks and asset managers have to sell through Real Estate Agents/Brokers.

Two others to look at are Asset Exchange Strategies and Guidant Financial.