However, if you breakdown the lien release and the settlement into two separate parts, then you will disclose as per RESPA.For instance, you can have two letters issused.

They may be looking for a cash settlement.

The property is located in Maryland.I would contact the lawyer at the title/settlement company that I used when I bought the place and have him draw up the contract and have it recorded with the county.The property was a short sale, I paid cash and then rehabed it before putting it on the market as a rental.I have about $75k invested into it and I'm going to ask $150k for it.Part of the $150k price is that I'm going to pay all the closing costs so that the tenant/buyer doesn't have to come up with any money to start.He essentially just continues paying roughly what he's paying in rent, but he would be buying a condo.Does it matter that comps for that area are substantially lower than the $150k price that I'm asking for?

I can't see in the addendum that I can't walk, and a paragraph says either party is limited to $1K loss if the other fails to proceed to settlement.

The old note holder made the demand to cure a default, when they sell the note they receive settlements and no longer have an interest in the note.

Any fees paid outside of settlement of residential properties not disclosed on the HUD-1 is another violation of federal law.

Proof of funds can be any liquid asset account in your name that can be readily converted to cash prior to settlement.

What Jason is saying applies if you have YOUR settlement agent/attorney and the seller is closing with another agent in escrow.You could also sign your docs three days early if documents are ready, ask the closer if you can do that.

When the purchase is made in 2 years, do I actually have to bring the $7360 ($4,000+$3360) to the table at close or just account for it on the settlement statement?

I've been happy with Clearview Settlement Solutions in Baltimore...