see Facebook group:Norada Capital Default Notice:If you are one of the investors, please see Facebook page with agencies and links to file complaints !

Any opinions out there on if I would have any legal right to get the earnest money returned to me or should I just be happy he is willing to let me out of the contract and consider the $2,000 em cost of doing business?

It's advisable to work with a real estate attorney who is familiar with subject-to transactions to navigate any legal complexities.Risk and Liability: As the original borrower, you retain liability for the mortgage even after selling the property "subject to."

A property manager can handle tenant interactions, maintenance issues, and local legalities, providing peace of mind and freeing up your time.

To validly execute contracts any other legal activities, the LLC must at least be registered in the state you are doing business.

Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC

My understanding is reason we use title company/title insurance is to make sure buyer is not responsible for any previous liens, tax or legal issues before closing date.I am trying to understand this at high level so I can have a path forward.

Insurance would cover legal costs.  

Without the lease a buyer has no legal means to collect rent from a tenant or evict them for nonpayment.2.

There is a tactic that I have heard about where (rather unscrupulous - but still legal) investors will contact the owner after the close of an auction and will offer them cash on the side to let them buy the property from them during the redemption period.