Its hard for me to imagine the property would sell for more than 70% of market value at a foreclosure auction and any other buyer is just a plan at this point.My advice, as a rank newbie you should probably ignore, is: Stipulate in the note, to the extent possible legally, that the proceeds of the loan are solely for payment of the first lien (arrearage and pre-payment of next 3-6 months months payment) and ensure the closing agent gives the money directly to the lien holder.Change the terms of the loan to be strictly interest and points for only a 3 month term and let the borrower worry about the equity

Most banks have stipulations in the loan agreement that you’ve disclosed all of your financial obligations.

Most local laws do not stipulate that you MUST provide these appliances.

Barlow should enter into a legal business relationship with his potential buyer and when he brings his buyer to the real estate agent he can get paid through escrow by submitting a bill from the partnership and payment of this bill can be stipulated in the property purchase contract.IMO, there has to be a legal way that a buyer can reward a wholesaler either by forming a partnership, or for referral fees, or something.

The owner has entered into a legally binding contract with you that stipulates what you can and can't do on THEIR property.

Thanks, Hubert.Yes, I included all of those stipulations and details you listed out.

One stipulation, he doesn't pay you rent while the home is being set up or on the market, only the buyer pays rent after close of escrow. 

Some have stipulations like, "you must keep the credit line open for 3 years minimum or pay fees".

Since this is a "buddy deal" we were naive, and too trusting and didn't stipulate a timeline for removal of personal property in the contract.

I realize this is a stipulation to release funding from most financial institutions, but considering the number of new units that were taken right away, that’s a sure sign of growth for our city.