If you have a buyer willing to pay $300k and she can qualify for loan, put her under contract with contract stipulating repairs will include layout she likes.

Now, if the contract stipulates that you are released from the obligations upon assignment, there is the door.

That notice is not on this property, so I'm guessing they expect the bid to be higher than what an investor could or would pay....That is a Fannie Mae listing for you; they stipulate a 120 day holding as a deed restriction, so that explains this part.

I highly recommend your end buyers to be all-cash.If your contract stipulates all cash, and you truely are "assigning" the contract, your end buyer must adhere to the trems of the OG contract.

It would be good to stipulate those docs in your offer letter as well.If the owner can't, or won't, provide those docs it doesn't matter - you wont be able to get it financed, walk away-unless you want to buy cash or setup some other creative purchase.Good luck.

On my first deal my parents helped me with interest and the stipulation that they would be paid back on the investment.

If so, did they have an addendum stipulating a deed restriction?

I guess since they own the property they can put whatever stipulations they want on the sale but this is the first I have seen of this in my area.

I found this digging....Scott and Will have good info, IMO, but I have never seen such a stipulation at law since eah agent is a licensee and held to professional standards, there would not be a conflict of interest, but there is in dealing with other interests to a transaction.

Does the contract say what you should do with the money if you don't have a forwarding address (our state contract actually has stipulations for this case)...if so, follow the contract.If not, I'd send it certified to the person who is named as the recipient, and if it comes back to you, stick it in a separate bank account for 6 months, and if it's not claimed, considered it yours.I wouldn't give it to anyone else (including the other unnamed tenant) unless a judge orders you to...it would just seem to open you up to future liability...And, of course, you can throw all this advice out the window once you get real legal advice