I wanted to share something that has been going on up here as I believe there are lessons for everyone, and I don’t think this gets coverage at all in the US.Up here in Canada we have had interest rates increase at the same crazy pace that the US experienced but are seeing some very negative consequences from it that are unique up here.In Canada we do not have 30 year fixed mortgages.

Is the fact that the seller ultimately suffered no negative consequences and got fully paid make a difference?  

What are my realistic options for a buyer backing out of a contract a day before closing? Lawsuit? There's no EM.

Consider a Lease Addendum: If the tenant is willing to comply but you want to formalize the arrangement, consider adding an addendum to the lease that outlines guest policies and consequences for violations.

Different types of legal entities have different tax consequences.

What would be the consequences?

Consequently, there are fewer commissions available for real estate agents.Secondly, there's the looming lawsuit against the National Association of Realtors (NAR), which threatens to squeeze the commissions that end up in the hands of buyer's agents.

Note that this can sometimes cause unexpected consequences.

- loans against cash value are distributed without tax consequences?

Unless you are an attorney practicing real estate in the state of the subject property, the chances of reaching a wrong conclusion are too great and the consequences too costly.