Many banks no longer allow land trusts to be the buyer, to prevent exactly what you're trying to do, but generally allow LLC's which you could do the same thing with, if the buyer agrees.

how would you prevent a negotiationAdditionally, can someone please explain to mea) The contract between the seller and the brokerb) The broker and the BuyerAs my understanding is that the broker signs a contract saying he will buy/assign the contract from the seller.

@Brian Sabet I am glad you finally "joined the ranks", my question is, what was preventing you from contributing and joining for the last year?

The owner seem to think that this was done because the bank finally wants the house back and wants to prevent them from having any equity on a standard sale.

And besides he Has the gall to pay rent, move another person in, and then get a quote from an outside source about floor replacement?

I actually responded to counter from HUD yesterday, with an offer high then their counter to me to prevent someone from going in $100 over the HUD price.I got accepted!

(CL made some changes recently that prevent us from linking our images to url's, which sucks since viewers can't just click through to my site and fill out my form, they'll either have to copy and paste a url I put in the ad, or call me on the phone where I will have to a.) manually collect and then enter into my dbase, and/or b.)refer them to my url so they can do the data entry themselves.)These ads are strictly for building a list of wholesale buyers.

Now if you intend to possibly keep the property and later instead decide to wholesale it, I don't see that as dishonest as things can change, but what you represent initially should be what your goal is going into the deal.Some people do advocate the "keeping the seller in the dark" approach, personally I don't feel it's the correct way to do business though legally there is nothing preventing you from doing so.

It's way less likely to happen than it used to be and you can prevent it from happening should it start.

Are there any other issues that would prevent the tenants from living in the property?