My partner said it actually worked and he closed escrow on his first property with a small check in hand.

I can do it by hand, but it takes loooong...Spreadsheet or Web-based application would be ideal 8) Thanks in advance!

However I would locate the banks rep and hand him my card.

Criminal background checks are done to get your license so why should we just hand over our lock box access to anyone, just for their convenience.

All of the above can make the note worth anywhere from 0 to above par (37k).For instance, if the payor has good credit, has paid for a year on time and currently is up to date, and if the note yield were in the 10-12% range or so with a loan to value of under say 65%, then you'd probably get close to par if not more for the note.If, on the other hand, the note is delinquent, has almost no equity to back it (which it sounds like this note has), and has any other senior liens ahead of it, then it is worth just about 0.Anyways, without the rest of the info, we can only guess.

Frankly, I drop projects in process to show units and get application fees in hand.

I would do this as a learning lesson to start getting your hands dirty.

Aside from trying to get my hand in real estate, for the past few years I've been involved in Internet Marketing, which is a pretty lucrative market.

The responsibility lies between the end buyer and the seller from here on out.I do not see how you can cancel the contract since you have assigned your rights to the contract to the end buyer.Obviously you want the thing to close so you can get your assignment fee, but if it doesnt it is not on your hands.

Now that the city is involved, Park Memorial is at the hands of the Mayor's office and his inititiatives, including the quotas: http://www.houstontx.gov/mayor/press/20070519.html.