Borrower makes request to lienholder to consider short sale...lienholder provides borrower instructions on what to do for the lienholder to consider shortsale request...borrower (Seller) does what lienholder tells them to do and when they have all of their stuff (Purchase agreement, MLS listing, bank statements, tax returns, and/or whatever else the lienholder needs/wants) they give it to the lienholder to review and either approve, counter or deny the shortsale request.Your purchase agreement should include as much protection as possible for you in case the deal doesn't close.

The family stuff sounds nice but its not reality.. the kids grow up they usually don't want to spend time with the parents LOL.. and usually have their own interests and pursuits..  

It is complete with all of the time frames for documentation, inspections, and deposits and stuff, which is nice, but lots of boilerplate as well.

If you have an agent, he or she should know this stuff.

With that JV agreement you write in who does what and who invests what amount and stuff like that. 

A bunch of negative stuff mixed in with all the benefits.  

All finishes are going to be mid grade stuff, fairly durable but not too expensive.

First off let me say I am not an expert at all; however, I have done a lot of reading and research and have a decent understanding of some of this stuff.

That's a lot of stuff to deal with!! 

That gave 72 hours to vacate.The woman actually went to work on the day we were there to move all of her stuff out.