Exact procedures vary by state.

How would this procedure be done?

There is a "procedure" they have to go through and if they don't, someone's head would role, so following the first rule of survival - CYA or in another words, "By the book".

What is the general procedure in a dry closing whether in NC or anywhere else?

Some of the changes and procedures are already in place for serious Fed policys coming to a neighborhood near you.

What is the normal contract assigning process?

Please critique and/or correct my assigning technique before I get started.

In my opinion, before I get a contract with the homeowner, I'd at least like to know that I'...

You only provided one government example, but statistically, if you're in the top 1% of patients who require private health insurance funds for procedures, there is about a 50/50 chance that your private health insurance company will find a reason to drop you...

I agree that yesterdays procedure is not todays rule.

You cannot legally create a partnership and then solicit investors, regardless of the investment amount, without following the legal procedures.

Break the lease, and pay two months rent PLUS any damages.The second is the old way of how much did you spend to find a new tenant, repairs and all rents up until a new tenant is found.Most new leases are using the two month clause now as it was always such a pain to go through the costing and security handling with the second method; the security could be tied up indefinitely.Again all the proper security handling notification procedures must be followed to the letter of the law, and that normally requires a certified letter to go out withing some time period.Local laws rule the situation.