House across the street from my personal residence is on sale and I can get a heck of a deal on it, I'm thinking about buying it and either sitting on it for a while until the market improves a bit around here or possibly rent it to a company that brings a lot of executives to our town, mostly on a temporary 12-24 months basis.

The real truth is, if it were that easy, everyone would do it and there would be no gurus selling their products and services, they would be out working a few minutes each week to make their easy millions.I have received emails from my contact for REO deals, spent 20 minutes or so doing some paper due diligence, made a 2 minute phone call stating send me the contract, executed the contract, send out an email blast, read 5-10 quick emails, locked up a buyer and walked with $10k, $20k, and even $40k in profits.

They will contract with me to do document preparation, i.e. executive summary, deal and company due diligence, powerpoint pitch book, summary business plan, 7-10 yr financial projections, preparation for market to investor contacts.

Both Seller and Buyer agree to create and sign a traditional purchase contract and a traditional deed, such as a "Warranty Deed", as a "back-up", just in case a more traditional sale is needed".See if an attorney will help you "draft the language needed" and assist you in executing these "back-up" documents, and maybe "store them away for you both", just in case they are needed in the future?

Even if they don't there's no reason to pull title before getting an executed contract.

Anyways, they have no skin in the game and have not followed up to execute even though we approved them.

There are some great pocket neighborhoods that I've seen out in the country that retirees built as a co-op, but haven't seen a successful tiny house + pocket neighborhood concept executed personally.

Now, Steve, son of Mary and John makes a claim to ownership of your property due to Mary not executing the sale or warranty deed and makes his claims under her interests inherited.

And if the seller is adamant that you use their attorney, then you can simply walk away and not execute the contract.

If the seller has already accepted an offer, you can submit a backup offer to THE SELLER...but the agent is doing the righ thing by presenting only the executed contract to lender for approval.