That might be signing off on asset inventory as you acquire it by both of you which states what the item is and cost and where it is to be stored or any other relevant detail to create yourself a paper trail.

Seller finance is no reason to get into a bad deal...if you can't figure out on paper how this deal puts money in your pocket the moment you close, it's time to look for another deal...

For the most part, it seems like new folks get hung up in two areas:1) Contracts and assignments....the Paper work.

I wrote some papers in college relating to the subject, BILLIONS spent fighting pot when hundreds of millions could be made.

I just sent them a copy of the paper they both signed so thats done I lost a week with them and it was a hassle to verify their information.

They're HUD forms, not WisconsinSo no earnest money has changed hands and you haven't signed HUD's official papers yet?

My understanding is that the borrower must be current, and their property must be at least 15% underwater, so there isn't too much worry about moral hazard.Sure, the investor in the initial loan loses big time on paper, but not much more (and maybe even less) than they would eventually lose in FC.

Is it even worth the paper it's printed on?

You just sign some papers and attend closings.

I have a simple excel format I use for evaluating houses from a first-look value perspective.If you use the tabs at the bottom of excel, it shouldn't be hard to organize your marketing analysis on paper.