That was last year BTW, not 1989.In your ads, just say, good title is offered subject to prior settlement (if you are buying) or good title offered by contract assignment (if you intend to assign the deal) 99% of buyers off the street won't know what that means, but you covered your tail!

The seller then doesn't pay the 3K, same as getting 3k extra at settlement.Any amounts paid to a seller that are not applied to settlement costs is consideration in the sales transaction raising the sale price, the money must be applied to the sale somewhere, either to the expenses or it increases the sale price.

Settlement can be through escrow, they don't need to show up.You can assign both contracts.Title insurance can then be obtained on the total price as you acquire the entire property.There ya go!

Clearview Settlement SolutionsHolly EdlesteinMitnick and MitnickGood luck - Ned

I would much rather see someone following the law or some restriction to the "T" by having a settlement set up after the deed restriction as required.

Jaxi, RE is highly regulated and tied into a variety of legal issues with lending, marketing, title transfers, settlements, taxes and other applicable laws.

But then Maybe you can find a partner that would qualify for a mortgage on another deal, then add you to the title post settlement and get started that way?

There are two options, the seller can come to the settlement table with money - not common but it happens.

Now if the property reach closing then money paid will be credited at settlement.

Realize that contracts are usually just the terms and expectations of activities expected to get to a settlement, but to hold feet to the fire the amount of consideration given indicates the value of the deal.