Not sure that the 50% rule will be valid other than in the U.S.A.; the studies that support the use of the 50% rule were performed on various properties in this country.

That is up to the discretion of the seller, but legally, yes it becomes void as the contract stipulates that.If it stipulates 5 days, then after 5 days it is void.Jamie also states a valid point that the banks want to see proof of the EMD.

Are the contracts valid in any state?

In most cases (check your state law on future advances), the future advance clause is only valid up to the dollar limit recorded on the mortgage.

15 year warranty

These units are new with 1 year builder's warranty

That being said, your offer/request seems to be valid, but as a funder, I would only be interested in a deal like that if it was a flip only and I would want to see an end buyer wanting the property at your higher price to ensure my funds were safe.

Find out the material price have a good union company come out and give a estimate and make sure you get a warranty.

An "assignment of rents" clause is sometimes included in the lender's note or separate document which gives the right to the lender to collect rent in the event of a default, but like the obscure due on sale clause, is rarely enforced.Much to my surprise, the PTAF Act specifies that the lease be "entered into before the notice of foreclosure to occupy the premises" in order for it to be held valid in the context of the Act.According to counsel, a "notice of foreclosure to occupy the premises" is clearly not the same as a NOD or "foreclosure notice", therefore, a lease entered into after the NOD is filed but before a foreclosure eviction notice, would be upheld under PTAF.

The closing agent will require you to sign the note and deed of trust and the seller will execute a general warranty deed, the closer will explain the deeds and related documents at settlement.Servicing can cost as little as $15.00 a month and is well worth it, as for a new note, the borrower generally pays servicing costs.