But, obviously, given the success of a lot of you (such that there is a 50% rule); this is a case in which it sounds too good and is true.

In many cases the old saying as to "the letter of the law" or "the agreement" isn't the case in reality, it's the intent and circumstances weighed in light of what is black and white in business dealings.As a servicer of installment contracts I have had many initial threats to accelerate a mortgage to maturity.

The research I did was through the county records - which fortunately are free here in Galveston County, TX and then the criminal records in Harris County, TX based on the Case # in the lien.

since it's taken essentially 4 years to get to the conversation stage I'd say that isn't the situation in my case - in any event, any advice that is specific is appreciated and that's what I got from Jon Holdman and Steve Babiak.

Case in point I recently got a single family home at foreclosure that ended up needing to be completely re-piped due to the galvanized being corroded shut.

Not the case in reality... yet.

If the property cash flows, which might be the case in a college town, think student housing, then the deal could be a good one provided the numbers work and you factor in more repairs for college tenants.otoh, wholesaling in an area with few to no sales may be a difficult row to hoe.

A true loan assumption must be approved by the lender and that's usually not the case in these installment agreements. :)

That's because people have allergies to the proteins in the mold spores and hyphal structure (branches, etc.).

There have been many caught at this and yes the FBI will nail them.. there was a case in NC 10 years or so ago were guys got huge fines and jail time.basically if your at a sale and two or three bidders are going for the same property and they start whispering to each other then suddenly stop or the property gets sold for 1 dollar over you kind of know some deal was made.In our market there were many that would just show up with cashiers check's qualify to bid with no intention of buying their only reason for being there was to get the 1 to 2k pay off.