They said we needed to file an extension, would not be charged, so we did.

Knowing I need extensive overhead for this process as one man can't manage that many sales and walk throughs, etc there is a lot I would need in place to be ready to move on this.

Lynn M.That was not what I was sure about.I was not sure if the extensive termite damages constitute a "major" defect, where I could back out of the deal and ask for a refund of the EMD.

If you do not pay off within the 6 months, we keep that 3% as an extension fee for another 6 months.

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How extensive is the Mold condition?

The repairs look to me to be extensive but I can't put a price on it.

Reality is far from the guru speak.As an example, buying a note originated prior to the land mines being tossed out, would be fine, understanding the process which is not difficult but it is the valuation and collateral assessment that needs to be studied and understand that you may not be able to modify that old note, as a new modification or extension of debt can be seen as making a new loan or lending arrangement.

Remember, you are operating a business, so remember to always treat it as a business, not an extension of you personal finances or life.

Joshua Dorkin Its been a slow process and since the rebuild is so extensive, I don't expect it to be done until early December.