Don't be alarmed if the person you perceive as the "buyer" (the IRA owner) doesn't actually sign the contract, since it isn't necessary for the validity of the contract... since the custodian will be signing on behalf of the IRA owner.

There are many games an HML can play to show valid proof-of-funds when they really don’t have any.

Several months ago a question regarding home warranties was asked.

Once I confirm the numbers and validate the deal, trust me, I will ONLY release rehab funds at certain, pre-defined stages, which normally track the permit process; carpentry/framing, concrete, electrical, plumbing, drywall, finish, final CO, etc.#5 - Oh, let's not forget..., What experience level does the borrower have?

Again, the business entity is worthless.If you feel the need to form a business entity for estate planning reasons, for wealth preservation, and/or for business continuity in the event something happens to you, then you have valid reasons to discuss whether you really need a business entity and what type of entity will fit your specific need.

All of your points are valid, however there are no repos or screaming deals in our area.

"Special Warranty" is typical here in CO.

Basically, it is a hearing to determine validity of the mortgagee's claim on non-payment by the borrower, which if favors the mortgagee, turns out to be a judgment against the borrower, which results in foreclosure officially beginning.

I would recommend tieing up the contract w/ inspection, then go through with your contractor to see if there is any valid reasons to reduce the purchase price, then negotiate again.

This agreement is valid through 12/31/11 or until the acquisition of said house, whichever is sooner, and can be extended by the agreement of all parties.Signature