A title plant or an insured closing agent isn't the best place for financial advice, they will send money anywhere they are instructed, they aren't on the hook for what goes on outside of closing.......except during a routine examination some examiner may see it.

All of the points mentioned above come into play.One aspect of activities with finance regulators and courts is the re-classification of loans, initially the lender believes the loan should be one classification but after examination it is classified to another loan type.

well maybe ill start a threadWhy senior people on BiggerPockets really don't like wholesalers or at least are losing patience with wholesalersIf you think you can assign an option agreement or a sale and purchase agreement , and then sell the house by marketing-advertising the house, then you should really look at "acting as a real estate agent regulations", and examine closely your state regulations on getting a license to sell and market real estateOnce you are licensed, you can act as a principal in a transaction and usually have the state regulators leave you aloneWhat regulators hate, wholesalers that say that they have cash buyers and they don't, and they never closeRegulators also hate you Marketing property as an owner, and you're clearly not on title @William Brown@Bill GulleyMaybe you can talk to William about this

So my question to those who have used them (and any other auction) is what is on your checklist of things to examine before bidding?

I examine everything carefully and fix problems then and there.

Scott's SOW and can just use that to examine the majority  of the home on my own.

About three days later got a demand to pay the estate and threat of suit for issuing an unregistered bond.I made a few calls, another examiner, a friend who was the Agent-in-Charge of our FBI field office and my attorney.

I'm about to take my real estate exam in a week and a half and I'm doing my homework for the correct broker right now.

To Finance Examiner: Well that is a very good point you made about not sending such flyers to attorneys then, that would be kind of tragic and commical at the same time if I sent them invitation to sue me.

NAT's examiner is supposed to pull this today...should hopefully close Monday.I still can't believe a lawyer actually did something constructive!