I am pretty new to this so I dont really want to make any claims that turnout to be false, but will be watching this closely to see what others have to say!

Watch them challenge the foreclosure, claim you sold them the house above market value, and go after that down payment.

You want to document the transaction to show how much money changed hands just in case a disgruntled buyer claims you cheated him and wants to take you to court.

The interest is regular income, the longer you hold the obligation the more you make and are taxed. :)

You are quitting any claim on the property to the end buyer. 2) It would be signed after closing.

•A person living on property in mobile home claims to be heirs to the trust with 3 other brothers.

While I agree that a good property manager is a must, as @Chris Clothier mentioned it's still imperative that you visit the property regularly to ensure that your interests are being looked after, and this alone eats considerably into your cash flow, not to mention your time and energy.

Even if you did a quit claim deed on the property/title the mortgage (debt) would still be in your name so I don't see how that would help.

He paid only about 14% because now we find out, he claimed the 47% as dependents!

If I back out of the contract, can I claim my $1000 EMD back using the no defect warranty?