In some states you are not allowed to pay an unlicensed party ANY kind of referral fee etc.Residential transactions are covered under RESPA (real estate procedures and settlement act).Everything must be on the HUD-1 in that case.What you really need to do is consult an attorney in the area you will be referring leads to figure out a legal way to get compensation for the lead.This can be set up various ways depending on the area.No legal advice.

Keep in mind that delays in settlement are often the sellers responsibility.

Absolutely agree with everything Bill Gulley wrote, too, especially the personal guarantee.You MUST have this loan recorded and on the settlement statement (HUD-1) when the purchase transaction initially closes.

Your settlement company (you have to pick one out that you like) OR your loan officer can give you a loan worksheet (loan company) or estimated HUD (settlement/ title company), which will give you a sense of what you will need to pay at closing (it includes all closing fees, transfer fees and such listed out).

Not only being at arms length but by definition of market value, that the value was paid in cash or its equivelant.Seller concessions such as paying settlement costs if common for the area are considered from the subjective analysis to arrive at market value if such do not exceed regulatory limitations.

The title company will create two settlement statements.

Just cos they lost some money.I'm so happy for the foreclosure settlement deal.

When I open escrow with my title company I inform them that you would like to complete a simultaneous closing and with two separate escrows and HUD 1 Settlement Statements for the property.

There are expenses and more liability on the listing side than the buying side as the listing agent is responsible for settlements.

Let's see what happens.Any advice for how to make sure tenants don't try anything on the 31st should everything work out and a settlement is reached?