This would be better than learning a large purchase may not help you tax-wise come filing time. 

My wife and I file separate because if we filed jointly we would have to pay 10% of our combined taxable income.

And while I've had to file for eviction a few times (each over past due rent), none made it to the point of a Sherif put-out - and again, no serious damage done.

Yes, an entity can be appointed as attorney-in-fact for an individual.My concern about the above... an attorney-in-fact depositing the funds of the principal into their own account would be an obvious breach of fiduciary duty.

Your mortgage is not only sucking interest, but also principal.

The difference is the bank underwrites your file up front and offers an ELA or "Express Loan Approval" which is a guarantee to close in 15 days or less.

My experience so far has been positive.  4 investments starting ~ 9 months ago.  1 completed with principal returned, others are in progress. 

Seller agent disclosed today that the seller is filing for bankruptcy.I am already in escrow.Besides the checks that the title company will do, is there any additional steps I should take to make sure that this house is not subject to repossession by any creditors?

It is one reason even the lawyers who threaten suit against me never file.  

Even with a 5% down payment you are looking at a $2,494.00 a month principal and interest.