Even if you somehow convinced the investor not to record a lien, when you sign the disclosures you would be committing fraud by not informing them of the lien.

You might ask them why Kiyosaki's company filed bankruptcy.Ask him about how well Kiyosaki kept his commitment to the man that made his empire explode..http://pagesix.com/2012/10/10/rich-dad-bankrupt-dad/These bogus opportunity hawkers piss me off.

that's the only day I have a commitment.

We did a hotel deal that was finalized in getting a commitment on the phone in probably about 30 minutes, but: That isn't done by just anyone unless you name is Walton or Gates or Buffet or other very wealthy folks, where you might have some opportunity or cause and the investor(s) have knowledge of your offering, your reputation, your abilities to perform and where that fund raiser has the financial expertise and social skills to carry off such a commitment.

@Tom Scott, you're getting some good advice and as a committed Flipper, here's my 2 cents worth.

Many people in my market feel like they're only going to be here for a couple of years and don't want to "commit" by buying a place.3.

Also there will be certain requirements for residency on those and if you know going in you aren't going to fulfill that stuff you will be committing mortgage fraud.

If a senior lender is willing to allow a buyer or lender getting back a property sub2 to take over payments with no DOS future risk, I'd want more commitment than the letter as it was described.

Although not a commitment it lays out the salient bsiness terms and general legal requirements that are expected between the parties.

I don't want to lose this property (it's a tremendous deal) but I don't want to commit to losing my EMD if the POS comes back at some sky-high number!