Looking for investors to fund one of your RE deals could also be an issue.Generally the courts and the state regulators consider someone with a license as armed and dangerous.

I suspect they ratified the contract so commish is owed.I bet this just blows over its a small claims matter most likely anyways.. but one can sue for performance I did that last year and won.. my first ever but there was substantial dollars involved.I put up over 30k to pay back tax's and the seller would not sell.. so I sued for performance and won.Now I had to on the date of closing put all my cash into escrow 100% of purchase price and it was a tidy sum.. and it sat there for 18 months while we went through the court process.. the Judge gave the seller every opportunity to defend but she just went completely dark and lived there 2 years for free. but I know thats an extreme deal and most folks ( buyers will not go to this level) and or have the ability to do that since they need a loan to buy.. but there is a lot of cash out there so we can't make that assumption that the buyer does not have cash to come to closing on the close date and make a demand.  

The main issue for many people is that they want to keep things out of probate court.

Which includes the time for the court to actually approve the sale so we could get started on the rehab process. 

Since I wouldn't have to declare it as a rental.

She has been left with all the bills and been court ordered to sell their home.

Plaintiff missed payments and and never paid latepayment fees, interest, tax or property insurance, which caused the balancein full on the existing mortgage to be called by the Bank for payment in full.Soon after the seizure notice, I filed for Chapter 13 bankruptcy to keepthe plaintiff in the home on a payment plan set by the bankruptcy Court.The plaintiff stopped paying for where she was living altogether, refusingto make payments through the bankruptcy courts in any amount.Plaintiff claimed: "It really just like startled me ( her ) because I (she ) had faithfully been paying my ( the ) note every month" (Quoting plaintiffwhen she well knew she had been given Notice of Eviction).

If you set up an LLC Properly, and follow the Operating Agreement to the "T", don't mix funds, hold your required meetings and document Everything, you have a chance of your LLC surviving a court challenge and lawsuit.

The bank sent a letter to the court after hours the night before and it was not recorded.

This covers our costs to go back to the courthouse and cancel the case if before, or file a Satisfaction of Judgement if after the court date.