Even leaving “cash for houses” bandit signs would require your agent and license number disclosure!

Did you have the seller sign disclosures that are clearly stating that the loan will stay in their name and could affect their DTI?

I ask because Texas is a non-disclosure state.

It's a good idea to have a non-disclosure agreement (NDA) in place with anyone you share your plans with.

They are a Purchase & Sale Agreement, Title Report, Power of Attorney, Disclosures, Closing Statement, Payoffs and a business card to a good attorney to get you out of the mess you will create if you try doing this on your own.But use somebody, like us, that actually knows what they are doing to learn this.

Thirdly, full disclosure with the seller is a must.

You have to provide a disclosure that simply says that there may be lead paint.

At a minimum, (imo) this would require disclosure that the “wholesaler” believes the property is worth more than he is paying the seller and hopes to make a quick profit, and (usually) that if he can’t sell for a profit then he won’t consummate the transaction.  

Ken, pretty close to it except in full disclosure, I am not a Lawyer, accountant, Realtor, Broker or even an Actor.

(Full disclosure I never received a full quote for the replacement in writing, despite calling their office later that day.