Buyer agrees to use best efforts to pay off existing loans that are in sellers name within five years of close of escrow.)Protection for the sellerBuyer will execute a quitclaim deed back to the seller, which is held in escrow unrecordedHow to protect the buyer in the chain of title and potential future creditors of the seller.For the buyers protection a lien of some percentage (I like to see at least 20%) of the purchase price in favor of the buyer executed by the seller will be recorded a "Sellers Performance Deed of Trust" The buyer will appear to be a juniors lender for public record purposes.The seller is protectedFor the sellers protection a reconveyance of said deed shall be executed by the buyer, which would be recorded in the event of a default upon request of the seller, which remains uncured for sixty (60) days upon written notice of default, has been mailed to the buyerThis would allow the management company to unilaterally remove buyers cloud on the title by using the pre-signed reconveyance if the default was not cured as outlined.

As for as non performing notes, I don't see it slowing down because of the DF act.Joe Gore

Reputation matters to these agents and if you get a rep as a guy who will take product and perform on contracts that can make you money down the road when he slides you deals first.

I always say if it sounds too good to be true.... you're probably right.If you notice the terms and conditions on their website it's says basically they're liable for any performance of the realty investment.

I know a couple investment I can start with like wholesaling, Finders fee and performing notes( if anyone has any better suggestions it would be really appreciated).

A repair request will be deemed permission for the Landlord or its Agent to enter the Premises to perform such maintenance or repairs in accordance with ACCESS BY LANDLORD TO PREMISES herein unless otherwise specifically requested, in writing, by Tenant.

I just bought 20 non performing notes in Detroit and only paid 10% of UPB.Joe Gore

They or you can investigate issues to ensure all is going as expected rather than accepting a "don't worry about it" answer, but don't worry about trust documents or trustee performance.

They are searching rehabbed sold properties on the MLS and looking up investors/sellers/buyers with multiple properties and then performing an audit of their disclosures and to make sure painting procedures are being processed correctly.

Thoughts- I have thought about suing for non performance and the thought has crossed my mind that they could wholesale the property at the new price- don't know if I'm overthinking things here.