@Verna Doniza  what the person is alluding to is taking advantage of a seller in a licensed capacity... its all about disclosure... the cost of a license is minimal anyone who thinks the cost is a hinderance or the yearly is thinking very small ...

Your best bet is to ask the Seller to pull credit or to have a specific disclosure executed granting you permission from the Borrower to pull credit.  

Full disclosure: I haven't made a purchase in that area for over a year and my latest appraisal (for the BECU HELOC) came it at $150K for the smallest one, so I'm guessing comparable deals are proportionally more expensive.  

(B) No vendor shall hold a mortgage on property sold by a land installment contract in an amount greater than the balance due under the contract, except a mortgage that covers real property in addition to the property that is the subject of the contract where the vendor has made written disclosure to the vendee of the amount of that mortgage and the release price, if any, attributable to the property in question.No vendor shall place a mortgage on the property in an amount greater than the balance due on the contract without the consent of the vendee.

If you plan to assign a contract, it's better to have a solid form that includes mandatory and desired disclosures, etc. that give the assignee reasonable options and protections.  

Hi Katherine,First, full disclosure. 

I feel upfront disclosure is best, thanks for the encouragement to stay on the right path.

@John Thedford  I wonder if wholesalers are giving the STate required disclosure statements prior to closing.

Matt I'm really sorry that you're having trouble and I be happy to talk to you on the phoneStaying out of trouble with the real estate commission has to do with full disclosure to the seller and if you're acting agent for you can list it, if you're not acting agent for you can act as a principal, and you can have both those positions in the same conversation when you have a listing appointmentIf seller has a low equity deal listing and they bring cash to closing is one choice, and also is you can offer to buy the property on a wrap or subject to offer that's another choice, and lastly you could facilitate to a wrap buyer for a fee a wraparound mortgage saleNow I will tell you this:  that some brokers don't like anything creative.

I too was afraid at first because I heard one investor say "never become a realtor, there are all sorts of disclosure and liability issues."