They promised to pay all settlements.

With all parties looking at paying legal fees, you may have a better chance of getting a settlement or a court order that compels the sub to sign a release of lien and resolve the dispute between the contractors.Getting a lien removed can be very costly and you may end up paying all those legal fees, plus the cost of the lien.

Obviously, you taking title at settlement means a commission is due within that period.This is an issue in all installment sales except the sub-2 since title is conveyed.

My very first deal, I net $25,000 plus at settlement, and I didn't put one cent of equity into the deal.Thing is, it became harder and harder for me to find deals with that much fat in them, and when I started assigning a dollar value to my time (and paying the IRS their cut), I realized that the money wasn't as good as it looked.Now I see the value in long term holds, and that is my new goal.

This client had one of our buyers agents represent him during the purchase process (it was a foreclosure) and then we coordinated the repairs to get the unit ready for a tenant directly after settlement.

There is a good chance I will get cashed out on this deal in 2 months since the buyers are supposed to be receiving some kind of settlement money.

A disclosure of the Purchaser’s right to choose the place of closing and the right to make an independent selection of their own attorney, settlement company, escrow company, title company and/or title insurance company in connection with the closing has been inserted into the Addendum.Impact to Sales & AMPs: Purchaser has always had this right to choose and the addendum change now reinforces that right.

We now received a new form to sign titled settlement form...to sign in order to be refunded our money.

That if in the event you as a lender end up with the property you will then sell to your pre-arranged buyer at an agreed price.If you find a buyer, go to settlement.

In any case, be prepared for a long legal process if you decide to go after them in court.A better path may be to first education yourself about what you could do to them financially in court and then propose a settlement.