Buyer understands that in the event that the underlying debt is not paid off, the lender holding the deeds of trust may foreclose the property, which will extinguish Buyer’s interest in the property. 3.Seller and Buyer hereby agreed to defend, indemnify and hold all parties involved in this transaction harmless from liability in the event that the holders of the mortgages and/or deeds of trust on the aforementioned property are called due and payable.4.The seller agrees and understands that the buyer is purchasing their property with the buyer taking seller’s existing loan “subject to” with the current loan balance and prepayment penalty to be deducted from sale proceeds. 5.In the event there is an escrow account for taxes, insurance, waste fees, association fees, or any other impounds or escrow, said funds shall be transferred to purchaser without adjustment and if there is an escrow shortage same shall be charged to seller at closing. 6.The borrower/seller shall indemnify, defend and hold harmless the buyer and all persons or assigns, regardless of responsibility, from all costs, expenses, suits, liabilities, damages, attorney fees and claims of every type, including but not limited to those arising out of injury to any person, or damage to any real or personal property to any person, including the borrower and said financial institution, for (i) any items resulting from the buyer buying the property, (ii) information furnished by the borrower or (iii) those items relating to the financial information, or (iv) the ability or inability to pay for or continue to support the debt of which the buyer is agreeing to.

They know its a good deal and considering there is no shortage of cash buyers in Florida they want a closing they know will happen and not fall through due to a buyer not qualifying for financing.

Housing starts have to be 1.4 million yearly (i believe) to keep up with population growth and have been averaging around 450,000 for a couple of years, so there will be a housing shortage sooner rather than later.

The current loan balance and prepayment penalty shall be deducted from sale proceeds and if there is an escrow shortage same shall be charged to Seller at closing. 5.The Borrower/Seller shall indemnify, defend and hold harmless the buyer and all persons or assigns, regardless of responsibility, from all costs, expenses, suits, liabilities, damages, attorney fees and claims of every type, including but not limited to those arising out of injury to any person, or damage to any real or personal property to any person, including the borrower and said financial institution, for; (i) any items resulting from the buyer buying the property, (ii) information furnished by the borrower or (iii) those items relating to the financial information, or (iv) the ability or inability to pay for or continue to support the debt of which the buyer is agreeing to.

On the contrary, all-cash offers and multiple bid scenarios continue dominate the marketplace.There will be corrections along the way, but LA will continue to face shortages, high prices and growth over the long-haul.

There's no shortage of paperwork, and that's what they get paid for.

And if you have questions, just post them with good keywords (for the alerts system) and you'll have no shortage of helpful answers from some of the most experienced RE professionals and investors around - and if you have any questions about the turnkey model or how it works, just give me a shout!

Should the seller not fullfill his obligation to make up the shortage, the buyer will be stuck with paying a higher price than negotiated.The underlying $345K remain a lien against the property no matter what the agreed sale price.

Any help is always welcomed, appreciated and rewarded back.So long as you're loaded, you'll have no shortage of takers!

You'll find no shortage of info here on BP to help you on your journey.