One more tip, consider taking a small retainer from him to get going.

F I N A L N O T I C E O F D E F A U L TDate:Sunday, May 20, 2xxxWe have been retained on behalf of the lender to take immediate legal action against you.

You retain control of the escrow amount or have a third party hold it with the express agreement that as you spend money you will be reimbursed till fund is drained and will not be permanently funded.

Now you have to do very well to recover...and the muscles you develop from running with anchors on your heels will only serve you to perform GREATLY once the anchors are gone.

Or they will retain the right to continue to take other offers.If you need some cash to fund earnest money find a second job for a few weeks loading truck or something.

Even if there was a formal assumption (not likely to get approved) you would still retain liability behind the LLC for the loan.Depending on the state practices you can use a RE attorney or just a title company to effect the change.

She is afraid that if she asks for it she will be told that it's being retained to cover the remaining cost of furniture removal.

My company has realtors, lawyers and architects on retainer to assist the investor through his project.

The lender should technically still retain the right to call the note on sale even if they are informed.

Assignment of Option agreement.I have been recommended someone but at a cost of $300 dollars an hour and asking for a $1000 retainer I thought that was a bit steep.