Are you using your own closing company or the one chosen by the seller?

Thanks everyone for the sound advice and information.I have chosen to walk away from this property.

Not impossible, but you've chosen a tough path.

The chosen newspaper that carries these ads is called the "legal organ" for that county.So, if you're looking for foreclosures in XYZ County, State, you should probably start by Googling "legal organ for XYZ County State."

I picked this property by sheer price, and not any other information (with regards to the 2 I had chosen).

I am in the great position to select between two wonderful tenants and I have chosen one over the other.

Earnest money deposit check [ ] or promissory note [ ], which will remain as a binder until closing, and be held for Seller by closing agent (chosen by Buyer) for Seller until closing, unless sooner forfeited orreturned, according to the provisions of this Agreement.$_____________________ Is it even possible to put a promissory note as a binder in this instance because a promissory note has guideliness such as interest, amount to be paid and how long.

Jump in and share what you have read and ask anything you like on your chosen strategy, many here will be happy to share and assist you.

. - Should I begin by looking for a realtor that works with investors for the chosen area?

If raising capital from investos in 2 or more states, an attorney knowlegable about Federal securities law ahould be retained.Your chosen attorney may find that your "offering" qualifies for an exemption from registation under one or more acts or rules.