If you really believe they will purchase the property.....a long shot at best I'm betting, then have a real estate attorney draw up a lease/purchase agreement stipulating things in writing up front.

Unfortunately It got nasty between me and the original contractor, an the project ended up taking a week and a half.Now I stipulate that anyone I company I contract with has to actually perform the work and can not sub it out.

Your offer should stipulate that the EMD funds will be deposited into escrow within 3 business days of written acceptance of offer and needs to be made via certified funds (wire transfer or certified check).I like the suggestion of the $150k all cash offer, wait for the counter and then give them the ask price with seller carrying a laon for the difference.

And the servicing agreement could stipulate some of this silliness, so that it looks like Chase is being stupid, but the negotiators are just following what their servicing agreements require.

I wasn't aware of that stipulation.

My leases stipulate that the tenant forfeits last month's rent and deposit if they vacate early.

You can get a partner who holds out for a better price and it may not ever sell.Don't rely on statutes to apply, such as profits as to contributions or replacing an officer or member when that matter is not specifically addressed (I bet most internet docs take this easy way out) each matter should be stipulated IMO, even if it is generally as applied by law when not addressed.

This is done on purpose so that buyers and sellers,other brokers and agents will not go through the process of filing when they are just being vendictive or venting.In your contract before earnest money goes hard you could have a reinstatement clause where if the acceptance in writing at XX price is not received by this date then the contract will be terminated with the right to reinstate if A,B,C stipulations are met.If your earnest money is small and an attorney is hundreds per hour it may not be worth it.

The OP has been told by a lender that they may not use gift funds to pay for investment property.Originally posted by @James Zettelmeyer:If a lender specifically has a guideline that states gift funds are not to be used for the purchase of an investment property and you season those funds to get around it, thats mortgage fraud.This is more the point I am trying to make.If the OP were to season funds for 60 days and then go to a different lender for underwriting (preferably one without any lender-specific stipulations about gift funds), I agree with you and I don't see any problems with this because of the points you mentioned.In the end I think my response to your original post was too much of a blanket statement since seasoning is a legitimate strategy, but it is important to see that there is potential to walk into a very bad decision if the OP is not careful about their actions.Recommendation is to keep talking with other banks with full disclosure regarding the gift funds and allow the lender themselves to say whether or not it is acceptable.

(Unless of course something stipulated in a contract).Perhaps I take the opposite view.