If so, it may very well stipulate that you can not.

That is up to the discretion of the seller, but legally, yes it becomes void as the contract stipulates that.If it stipulates 5 days, then after 5 days it is void.Jamie also states a valid point that the banks want to see proof of the EMD.

I tried to digest all of the stipulations in the bill and it's pretty inconclusive.

i guess these are the stipulations for some first time home buyer loans??

Does your contract stipulates the consequences of leaving the debris?

I've looked up HPA regulations and while it stipulates that unearned premium on prepaid PMI is refundable, I cannot form a clear answer from my research.

The sales contract does stipulate that the "unless otherwise agreed in writing, SELLER must remove all possessions, trash and debris, and clean the property upon vacating or prior to delivery of possession."

Following the 70% rule with a FHA 203K loan since there are so many contractor 'stipulations' I see it as a safeguard to some of the things I may not know about.

They made it seem as though you make an offer with stipulations (ie, subject to bank approval, inspection, etc) and then go through the loan approval process based on loan to value ratio, cash flow, etc). 

In fact, it would be good for all reading to know who told you that incorrect information as to help prevent others from taking bad and incorrect advice from this person or this meeting you referenced.Good wholesalers are typically finding off market deals through a number of resources (direct marketing, driving for dollars, referrals, word of mouth, internet presence, signs, ads, etc) and when dealing direct with a motivated seller, their contracts stipulate that the contract may be assigned.