If someone is trying to do business with others and is unwilling to publicly share their name or other pertinent information, then why should you take them seriously.People don't deal with imaginary figures.

That way even if the market continues down you should be protected.

Aside from having an attorney draw up a specific contract, what exactly is the best way to protect your interests as a bird-dog?

The loan does not specify who you have to use for the repairs (even the borrower), but they have to "be qualified to do the work and complete it in a timely and workmaship like manner"The budget would be very important as the funds for the repair are limited + small amount of contingency funds and are held in escrow until the completion of work.If it is a HML than the budget would still be important as you would have had to calculate them as accurately as possible to protect your profit.

As a foreclosure will show up in the public records they might as well put it in the listing to drum up possible buyers.John Corey

Doesn't sound too good EXCEPT the old house sits on a 1.3 acre lot where zoning is for .25 acre lots if connected to public water and sewer.

No idea is there are a lot of these or a few.Buying properties at a big discount will protect you against a falling market.

Mostly out of habit than true planning.Wealth Protection by Bronchick is a great book if you want to read up on the topic.

You published your 'confession' on a public forum where many can see.

Best if the mortgage brokers do not conduct pissing matches in public.