I am referring to the situation where the buyer's financing is approved and the seller has met all his obligations, but the buyer does not bring the closing funds nor execute the purchase/loan documents.I know the earnest money is forfeited, and a lawsuit might follow, but what about insurance and letting the insurer sue to recover?

pid=20601087&sid=aMX336c2lWGQ&refer=worldwide Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital,**( Sheila Bair seems to be having the same issue, JT)** according to people with knowledge of the decision.

Thank you for writing this out, for future references and jabs I may make at you Tim, be prepared.

If that is the case, then a very simple solution is to write in a contingency that earnest money (good faith, or whatever else you want to call it) will be deposited within 24 hours of an accepted contract.Make sense?

I mainly use my website to refer potential renters to additional information/pictures of my apartments.

Again, some agents are lazy and don't follow through but these agents don't last in the business because clients don't refer them to friends and family.Question #2--Calling agents and making your own appointments with them does not obligate you to use them but you should be upfront with them that you will be representing yourself.

So although these conventional products may not be available in the future, local banks and portfolio lenders may be solutions for you.

Take a contractor with you and make sure you check their references if you never worked with them before.

Even better if they're registered with the BBB but check references.

For future reference I'd always put an expiration on your offer.