An "offer" and a "purchase agreement" are the same thing...basically, they are a formal contract outlining the terms and conditions of the sale.

This gives bidders at auction formal insight into the total amount due to gain clear title.

You could do an informal, or formal, assignment?

If a compliance professional (one who gives instruction in or provides formal compliance policies for lenders) gives advice on such matters, listen to them.

But if you have that in you, gain the knowledge you need perhaps with a combination of apprenticeship (perhaps working in a rental management company, possibly as a realtor with another realtor as your guide - choose who you take advice from wisely though) and some slightly more formal education at a community college.

Perhaps, the issue comes mainly from old ideas by those with absolutely no formal understanding of financing, thinking that creative means doing anything unconventional, changing the elements of a financing agreement without understanding the ramifications of changes or an approach.

Just a note , It's always good to double check your facts before writing.The “412 Luxe” address is 412 N Front Street, zip code 19123 which is Northern Liberties Philadelphia and it actually sits at the Southernmost point bordering Old City.

I'd share the time I made $18k over a round of beers and one phone call from a wholesale but technically I used 16 years of formal education & that sorta hurts my hourly rate :)

If you are free and interested it is at the Crown Plaza that spans the Pike just over the border in Newton.

Common in a border community (Washington/Oregon).