I also feel that that much of the Republican party has become less moral. 

Bank don't care etc...Moral of the story, residential real estate is an imperfect business.

For anyone that has been in my predicament or has helpful advice or guidance Im all ears.Thanks in advance,Marceline

@Mike BloomI'm fairly ignorant about this latest "moral panic."

Too many agents will do a 1% listing fee even if you don’t bring a buyer, not being willing to refund a commission she wouldn’t even get if she finds a buyer (the buyers agent would) for a buyer you bring seems “wrong” in a business sense if not a moral one. 

I am in a little bit of a predicament as to how to proceed with a duplex.

This discussion seems to have devolved from the original posters question, where can I find financing, to an analysis of potential over leverage, contract option outs, and the morality of entering a contract without having the money in place.the most important question to me is : is the seller doing the seller financing of $700,000 insisting on a 1st position lien or is he willing to subordinate to a small ($245,000) 1st and accept a 2nd position?

Quote from @Loren Morales: Hi everyone.

I certainly understand your predicament being in Utah as well.

If you aren't licensed you aren't obligated under any type of code of ethics other than your moral compass to disclose what fair market value might be should it actually hit the market.There are absolutely people who are licensed who wholesale successfully.