The borrower must have sufficient funds to cover borrower-paid closing costs and fees at the time of settlement.

Part of the settlement, before the seller gets their proceeds, is paying any liens off first.

The floors wont be level but this is true of newer houses due to settlement.   

A line of credit may work for you as Derek suggested.If you want to re-finance or finance this, don't list it for sale, lenders don't like making loans that might be paid off before the first payment is due.Taxes will need to be paid before or at settlement of any loan.Need more info. :)

No commissions or settlement costs.

Nope, we want to find the sub-market, the non-conforming market, under ground, the ugly house market, the market where sellers don't pay their taxes or mortgage payments, the market of expired listing (failure market), the market of motivated sellers.We investors are creative, we understand how to find deals, how to control them and how to profit from themWe investors understand alternative creative financing techniques:Delay settlement offersRights of PossessionHybrid contractsSeller participatingSeller financing Joint venturesSubject to financingOptionsWrapsBlanket mortgageThere are always Buyer's Markets to be created, one deal at a time...........if it is going to be it is up to you to create markets to profit from.Happy Hunting......;-)

At the closing table, my agent tells me the settlement agent / sellers agent instructed her not to give me the keys.

Then if liens are found make sure they are listed on the settlement statement at closing and that they come out of the seller's proceeds.

Hello BP, I have negociated a payoff settlement on my rental property with the Bank to escape a Foreclosure!

Hey, Candice, I have been in a similar situation and I went to the HVAC contractor and asked him to carry a note on his work, paid at settlement.