Since I am licensed, I would need to forfeit the commission completely or have this LA represent me.

Some law enforcement agencies sell the seized or forfeited property of criminals.

yes as long as they put down a security deposit and with an agreement not to smoke inside the dwelling or they will forfeit the deposit.

Hello all,To start, I live in Michigan where your property is forfeited to the county after 2 years of delinquency.

I feel, since the color painted was not the color agreed to, the HOA can tell the homeowner that they forfeit the agreement, whereas they need to resubmit their request.  

Effective Date: 11-25-1969 5313.06 Notice of forfeiture.Following expiration of the period of time provided in section 5313.05 of the Revised Code, forfeiture of the interest of a vendee in default under a land installment contract shall be initiated by the vendor or by his successor in interest, by serving or causing to be served on the vendee or his successor in interest, if known to the vendor or his successor in interest, a written notice which: (A) Reasonably identifies the contract and describes the property covered by it; (B) Specifies the terms and conditions of the contract which have not been complied with; (C) Notifies the vendee that the contract will stand forfeited unless the vendee performs the terms and conditions of the contract within ten days of the completed service of notice and notifies the vendee to leave the premises.Such notice shall be served by the vendor or his successor in interest by handing a written copy of the notice to the vendee or his successor in interest in person, or by leaving it at his usual place of abode or at the property which is the subject of the contract or by registered or certified mail by mailing to the last known address of the vendee or his successor in interest.

Well, in regard to the repairs and such, I'd simply forfeit the idea that you need to make repairs such as a hole kicked in a wall by your tenant's kid for $25, and realize that whatever it takes to repair it, it doesn't matter since you would be passing the cost on to your tenant.

The penalty starts at 75% of the security deposit being forfeited if the move out in less than 90 days after signing the lease.

My fear is that we conclude our due diligence period and pay for all inspections at which point we will forfeit our earnest money and the sellers take forever to find a home or never find one.

(Although, I have heard some are dropping that...I don't know for certain because I haven't bought from a bank in 5 years.)If you want to wholesale bank properties, you better be prepared to take it down yourself and forfeit your EMD if you don't.