So, the only thing I see to indemnify any loss, would be a settlement.

Often times lump all settlement fees and prorations into what they call "closing costs".If you're going FHA and the property was not owner occupied (likely not since it's a duplex), the property tax escrow will consume a lot of the money you need to bring to the table.

This is not a satisfactory means for collecting money, and this is both both an aid toward discounted legal settlement (at, for example, perhaps 10 cents on the dollar) and a deterrent to litigation in the first place."

I know of Real Estate Lawyers that do settlements where wholesalers are involved.

This is my problem:" It's further understood this transaction may not involve any thrid party who received a deed from mortgagor at, prior to, OR AFTER SETTLEMENT, and the purchase contract may not be assigned" What do you understand by "OR AFTER SETTLEMENT" mentioned above?

Take a settlement for what you negotiate the replacement cost should be and do more of what you want.

It is not considered to be a covenant requirement to perform the intent of the contract, but simply puts the seller on notice.I have closed many deals that began as a cash offer and prior to settlement, saved the day with financing in place, but if the loan did not come in, the buyer would be required to perform.

The scenario about foreclosures wasn't a theroy, it was a fact.Ever wonder why banks stopped allowing buyers to get cash back at settlement?

Simply by saying that all income and expenses related to the subject property shall be pro-rated, as customary on the date of settlement.

Hi, sounds to me like you could not do a note and deed of trust at a sale since the seller would need to pay current taxes at settlement, to provide good title in complaince with ALTA.