If they don't, they're subject to fines, license suspension or revocation by the state.By your definition, wholesalers are free to screw the public without the protection of the law. 

Seems to me they are violating the "Statute of Frauds" in OR. by advertising a property with out the written consent of that home owner to do so...?

Let me say up front that I'm not an attorney and I'm not giving you legal advice.Yes, we have recorded seller calls for training purposes, but we did so in Georgia, where only one party is required to give consent to record.

Except as provided by law, no repairs, decorating or alterations shall be done by RESIDENT without OWNER/Agent’s prior written consent.

You didn't get a deal on it, but that's around market value.On another note, you aren't really partnering with something in real estate investment if they buy properties without your knowledge and against your consent.

For most syndications:LPs will have no liability (other than loss of contributions) and you'll want to check the liability of the GPs;LPs will make initial contributions; and you'll want to confirm if LP is on the hook for any additional contributions;Distributions will ensure the GP/operator gets their cut (I'd want to know what that cut is), then to LPs in accordance with their percentage;LPs will agree that they cannot transfer their LP interest without the consent of the GP - you're locked in to the deal until the GPs end it;LPs will have none (or very little) rights to vote on operations, and GP has control.The above isn't an exhaustive list of material concerns you might have as an LP, but it's what what I would expect and confirm for any syndication. 

If it's a long term lease there are tenant protection laws in place for just this scenario.The bank after foreclosing will still have to honor the term of the lease in the contract.If the bank doesn't tell you where to send payments set up a bank account and put the payment in there.Then if you have to go in front of a judge you can show the lease and show you had the money to make the payment but the bank didn't let you know where to send it.The judge will make the bank honor the lease agreement per federal tenant protection foreclosure laws.If you are on month to month I believe they only have to give you 90 days to get out.You can once it is foreclosed ask for the bank to sell you the property but it sounds like you wouldn't qualify.You could land an investor who might buy the property and finance you.The risk is an investor might buy it at the auction depending on what the bank sets the reserve price at.That investor may or may not want to sell to you or may have other plans.The bank can't do anything with property without the borrowers consent until it forecloses.You could have an investor try to buy the note on the loan at a discount from the bank before foreclosing.Hope it helps.No legal advice.

A lot of the apartment complexes in my area will only do my reference check if I fax them a consent form signed by the applicant(s), so I've created a form specifically for this as part of my application.

Unless the debtor overcomes the presumption of abuse, the case will generally be converted to chapter 13 (with the debtor's consent) or will be dismissed. 11 U.S.C. § 707(b)(1)....To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. §§ 101(41), 109(b).

Hi Everyone.I'm new to the LL business.I finally got my units clean and ready to rent.I have some lease forms to work off of, and a good realtor friend helping me with most things.Was wondering if anyone has, or can point me to a link, where I can find an already formatted (.doc/.txt/etc) file of an application.I found one online when I first got the building, but for the life of me can not find it or something similar now...Just looking for something basic for screening, with name. addy ss#, consent for backgroundcheck/credit check, prior landlords, employer info, references, type info form that I can print out.Thanks.