Giving away so much money in forfeited equity in the form of so called "Real Estate Commission"  is for the uneducated sheep!

The original assignment reads "assignee has 3 days to purchase property and take title after confirmation of clear title, or forfeit all rights to the contract and deposit".

another point is that if you make it a practice of signing a contract before you even look at the financials, then you are simply going to have a higher rate of forfeiting your contracts during due diligence, then other people who get an LOI first and walk away without signing a contract.

Ugly car that I took as collateral for a loan and guy forfeited.

Next, understand that the tenant will be entitled to the crops planted even if the lease is terminated so have your attorney address this in the lease that the crops will be forfeited under default or termination, check your state laws.

She saw no problems with that was well, as long as we were willing to provide an earnest deposit of approximately $20K that we would forfeit if we don't perform on all properties within a specified time frame, possibly the end of '11.

I have used a M2M lease that states if they stay less than 6 months, they forfeit their security deposit.

They acknowledge it and most of the time they also acknowledge they will mostly likely forfeit that when their work here is done.

In short, if a tenant does something that would forfeit their e-wrap protection I need to be aware of this fact.

If the tenant were to "break" the lease before moving in, they would forfeit the security deposit.So ... why is this mismanagement?