English isn't his first language and although I am not excusing him( he really should have read carefully all the rules) I still want to help him.

Written in plain, straight-forward language, this is a treasure trove that showed me that even I can make money in real estate.

Even a very basic contract should have language as to what happens when there is a default.

But changing basic language with a Freddie REO doesn't seem likely.

Appropriate language should have been added to the PA to ensure the seller cancelled the PM's contract prior to closing if the PM's contract survives sale/closing.

Financed offers must have BAC pre-qual, BAC employees cannot purchase home, Deed restruction language for cash deals transactions The Grantee(s), or purchaser(s), of the Property may not re-sell, record an additional conveyance document, or otherwise transfer title to the Property within 60 days following the Grantor's execution of this Deed.So, am I understanding this correctly?

I think under a land contract there is language that specifies that the buyers in the contract are the responsible party for that aspect.

This is where you'll learn the language and the players in your area.

Those people all own real estate and you really learn the language and local laws at either of these groups.You can also check www.Meetup.com for real estate groups in your area.To your success!

Perhaps, we still are not speaking the correct language?