He says he doesn't think we can close with this price.He did mention one thing which I found odd...The generally accepted protocol in Atlanta, unlike other parts of the country, is that an offer of less than 90% of asking price is not a "bona fide" offer.

He needed to have a Mortgage Broker Contract where the fee is only payable upon the delivery of a bona fide mortgage loan.

A bona fide offer needs to be made in writing, not by an e-mail, in good contract form.

I am not sure if this is enough to show this is not a "bona fide" contract.

(b) A seller of an interest in residential real property who reacquires the interest from a person who has engaged in rent skimming with respect to that property, or a law enforcement agency, may request the court for an order declaring that the reacquired interest is not encumbered by any lien that is or has the effect of a judgment lien against the person who engaged in rent skimming if the lien is not related to any improvement of the property and does not represent security for loan proceeds made by a bona fide lien holder without knowledge of facts constituting a violation of this title.

(I)(1) The terms "real estate broker," "real estate salesperson," "foreign real estate dealer," and "foreign real estate salesperson" do not include a person, partnership, association, limited liability company, limited liability partnership, or corporation, or the regular employees thereof, who perform any of the acts or transactions specified or comprehended in division (A) of this section, whether or not for, or with the intention, in expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration:(a) With reference to real estate situated in this state owned by such person, partnership, association, limited liability company, limited liability partnership, or corporation, or acquired on its own account in the regular course of, or as an incident to the management of the property and the investment in it;(b) As receiver or trustee in bankruptcy, as guardian, executor, administrator, trustee, assignee, commissioner, or any person doing the things mentioned in this section, under authority or appointment of, or incident to a proceeding in, any court, or as a bona fide public officer, or as executor, trustee, or other bona fide fiduciary under any trust agreement, deed of trust, will, or other instrument that has been executed in good faith creating a like bona fide fiduciary obligation;(c) As a public officer while performing the officer's official duties;(d) As an attorney at law in the performance of the attorney's duties;(e) As a person who engages in the brokering of the sale of business assets, not including the sale, lease, exchange, or assignment of any interest in real estate;(f) As a person who engages in the sale of manufactured homes as defined in division (C)(4) of section 3781.06 of the Revised Code, or of mobile homes as defined in division (O) of section 4501.01 of the Revised Code, provided the sale does not include the negotiation, sale, lease, exchange, or assignment of any interest in real estate;(g) As a person who engages in the sale of commercial real estate pursuant to the requirements of section 4735.022 of the Revised Code.(2) A person, partnership, association, limited liability company, limited liability partnership, or corporation exempt under division (I)(1)(a) of this section shall be limited by the legal interest in the real estate held by that person or entity to performing any of the acts or transactions specified in or comprehended by division (A) of this section.

If you want your LLC to be a bona fide LLC, revenue must enter and expenses paid out of the business account.

I don't do 20 deals a day - hell, I don't do 20 deals a year - but I'm not giving anyone any of my information until they have a bona fide reason to have it, and "discussing" a property is not a reason.

However, irrelevant of title insurance this situation shouldn't take long to resolve.One way is for the Trustee to receive an order from the Bk Court authorizing the sale of the property free and clear of all claims of creditors and the lenders claims are transferred to the proceeds and the two battle it out after the sale.Even if the property isn't sold before the lender's claims are adjudicated, it shouldn't take long to resolve the issue since the Trustee is considered to be a Bona Fide Purchaser without knowledge of any non- record interests. 

Section 47a-23 ofthe Connecticut General Statutes is modified to provide: “(g) Nolandlord of a dwelling unit, and no such landlord’s legal representative,attorney-at-law, or attorney-in-fact, shall, prior to the repeal orexpiration of the public health and civil preparedness emergenciesdescribed herein, deliver or cause to be delivered a notice to quit or serveor return a summary process action, for any reason set forth in thischapter or in sections 21-80 et seq. of the Connecticut General Statutes,except for nonpayment of rent due on or before February 29, 2020, forserious nonpayment of rent as defined herein, for serious nuisance asdefined in section 47a-15 of the Connecticut General Statutes, or, provided the notice to quit is not delivered during the term of anyexisting rental agreement, for a bona fide intention by the landlord touse such dwelling unit as such landlord’s principal residence.