Just because foreclosure is imminent does not mean a note trade will follow since in certain situations the loss can be minimized or completely avoided through foreclosure with no note sale.

especially if you're looking at larger, multi-unit buildings - because the consequences of your decision (good or bad) will be multiplied.For example - if you're looking in a market like Detroit (which is hugely affected by the health of the auto industry), you should understand that this carries certain risks with it.

Also, duplexes/triplexes are generally in worse neighborhoods, so it can sometimes be a trade-off for cash-flow to have to deal with thugs.

so your name should not state or imply that you are a dealer like:Day Trading Real Estate LLCBryan's Buying & Selling Real Estate LLCBryan's Flipping Homes LLC.Another thing that happens is that the nature of your business might change and now the specific name you pick does not apply likeRehabbing Chicago LLCThen you stop rehabbing or stop working in Chicago, once you move to Milwaukee or even Skokie and only do rentals the name Rehabbing Chicago doesn't make sense any more and will confuse people.I'm not as bothered by this one but have seen people that have names that don't quite fit or don't fit yet like:Worldwide Real Estate LLCGlobal Real Estate LLC Transcontinental Real Estate LLCActually met a couple of people with names like those who didn't own any real estate.

I am not sure its worth ones time to trade currency like this.

ALTA is a trade organization that most title companies are not a part of.Secondly, as far as I could find, ALTA does not specify that you can not do a double/simultaneous closing.In their Uniform General Closing Instructions, they do reference a simultaneous closing situation in Paragraphs J.1.a.i and K.4.a.i as a "double escrow, double closing, flip sale, pass through, or equity skimming" transaction, and they only stipulate that you can not move forward without full disclosure of the situation to and authorization from the buyer's lender.In a wholesaling situation that would most likely be a hard money lender or a commercial lender, and neither one of them will care.

They really do not screen their trades men that well, they just look for criminal stuff.

What are the consequences of violating such a provision?

The following year, I traded up to a Susuki DRZ400S.

The Fair Trading Act governs real estate dealings, anyone along the way in a real estate transaction must not mislead or deceive, intentionally or even unintentionally in what they say, agree to or act upon.