Don't muddy the waters.You may have other problems too, evictions can be more complicated and you might have to foreclose rather than evict. 2 contracts, you can evict and the guy can still have the option!

The process is too complicated for residential properties in most cases and not worth the effort, however, the courts can have the option valued if needed.

Years ago I started watching Suze Orman, saving, investing, and reading up on having excellent credit - it really is not as complicated as you may think to fix/build credit.Don't be scared at all, If you apply and can't get anything they'll say no.

Almost every deal has complications and most non-investor buyers would not be able to solve them without professional assistance.

(lol) Your default provision is not limited to the power of sale where non-judicial foreclosures are permitted but you can also have a reversion in the event the lender calls the note with the seller selling the property and paying the borrower an agreed amount.

Due to this, to further complicate the matter, underwriters will not insure the property for a closing inside of the 30 days as they've had claims by the lenders for violation of the restriction.

It's not complicated economics or math, look, I will use the example the schools do: Johnny has 10 apples, because Johnny has farmed apples for ever.

I was approached today by a realtor who had a possible deal but it was way too complicated for me to give him a hard line "yes or no" and I wanted the BP community's take in it.The homeowner owns an invesment property with tennants living in it.

After my marketing brought the seller lead in, my partner got it under contract, and then my marketing brought the buyer lead in, I met w/buyer who flew over from Hawaii island (I am on Oahu-Honolulu), who was eager to buy, it was just too complicated to figure out how to salvage knowing this was going into bankruptcy.Around that time I also realized I need to optimize my business to stop wasting time on leads that go nowhere, of which there were alot!

In fact they get more numerous and complicated as your business grows.