I've had way too many issues with "agreeing" to something without having it in writing, only to have someone "misunderstand" or "forget" or claim we never said that.Thanks, James!

You have $80K of debt.Maybe I'm misunderstanding what's going on here.It sounds like the seller is feeding you all this information.

About misunderstandings arise regularly.

Maybe I'm misunderstanding your post.

Self directed IRAs is what we do and for the most part of the thousands of questions we answer every month structure is number one, tax related and third legal.There is a huge misunderstanding in the market as to what people can legally do or not do and what the potential tax ramifications are.

I think that is a point, but IMO the main point has more to do with misunderstanding the needs of each party.

Based on what you write below, I think you are misunderstanding what a "contingency" is...A contingency is something you put in your contract that gives you an "out" if you need it.

Another thing, when I called to get a copy of the 1098 and 1099C (haven't received it yet), the lady acknowledged there was a 1099C, so I'm a little confused as to how you can issue a 1099C and then also attempt to sue for the balance.I don't think they can so hopefully it is a big misunderstanding.

So, you quote a statistic that you claim is accurate, yet you don't really care if it is or not, and you're certainly not willing to do the due diligence necessary to find out...You misunderstand.

Most arguments (often times just misunderstandings) will be avoided when everyone is on the same page.Enjoy this great business.p.s.