That is unless you played some land trust games, then it could be trickier.However, if they have constructively abandoned their right to foreclose, it is my understanding, they could still go after the former seller who breeched the contract.Anyway, the path of least resistance is usually better so if your buyer can refinance, do it and just move on.Also, in the future, include verbiage in your contracts when you buy to allow you to seek recovery from the seller when they do something like this later.

Hey Matthew - Seek out Aaron Norris here.

The LLC is a "pass through" entity and is great for holding rental properties.Keep in mind that I am not an attorney so you should seek legal advice for confirmation.

I am seeking 1-3mil to do cashflow REOs and commercial deals.

Needless to say, I was intrigued and am seeking more information.

If you close the account (ie. withdraw your money) you will have VERY harsh penalties.

If you have a question about the interpretation or legality of a provision of this agreement, you may want to seek assistance from a Lawyer or other qualified person.Herbster

Bank has liens $40500, and when they fix the problem, penalty is going to be reduced on 10-20% As far as I know,on 12/05 they still didn't start fixing the problem.

If you come seeking advice, you should be open to receiving it and really thinking through each suggestion.For example, you believe you can't sell your cars because you are underwater but let's look a little closer using purely made up numbers:o Assume $1000 in monthly car payments total for the next 24 months = $24,000 more to be paid.o Also assume that you are "underwater" on each car $5000 so if you sell both, you need to bring $10k to the table.o Replace with a single crappy car for $3ko Ignoring time value of money, you just "found" $24k-10k-3k=11k.

My main purposes for joining is to ofcourse learn, as well as seek out investment opportunities.