There is a gentleman by the name of Merle Woolley who made his living in this area doing the exact type of deal I'm trying to do - buy around 20% below market and selling on a LO.

Looks like we need to start a Los Lunas meetup or something.

Maybe another exit could be to find a TB on a LO?

If you wanted to get a LO deal done in 30 days, what would you do?

The original law was really about modifications to contract for deed, but it did state that a LO was an executory contract, and also stated you could not have a property in an executory contract if there was a lien. 

Im looking at a los angeles county foreclosure list and i understand if you buy at the trustee sale all loans below the foreclosed loan get whiped away but what happens to the other loans if you arrange to buy the home from the owner before the sale?

Lets say I have a LO deal I want to assign.

I have an opportunity to do a LO with someone that asked me to sell their home ( I am a licensed Fl. realtor).

I apply for a 60k HM loan, a LO will tell me I can't afford it based on my income. 

Does anything change for the buyer/seller in respect to doing a LO deal when going through an agent that charges a commission?