Make sure your contract allows/doesn't prevent assignments.

I hope you have a good PM because section 8 requires the utmost care in all things to prevent problems.

The Fed has been trying to prevent another deflationary cycle since 2008 because once they get going they are very hard to stop.

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.

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.

I'd say you need to tell them sorry that you can't help and move on.Now, if it's your brother-in-law, you could get involved but not as an investor.BTW, I also suggest new folks stay away from dealing with folks in a foreclosure unless they can really buy the place, new laws make dealing with such folks even more risky by clogging up the foreclosure process. :)