I wouldn't enter into a financial partnership with a GC simply to fulfill this requirement.

It could simply be insurance costs or other normal transaction costs.

. - LeetaWe are a full service real estate solution provider company that purchases commercial and residential real estate.We provide a win-win real estate solution to seller, buyer and investor by tradition and creative real estate transaction.

Account Closed to assign an REO you can do one of two things.You could set up an LLC or Corp and contract in your company's name...when you find a buyer you would sell your Corp or LLC to your end buyer through a Corp resolution.OrYou could create a land trust which is fairly simple to create and contract with the land trust you created and simply relinquish your control of the trust to your end buyerAnd of course you could do a double close but either way you would have to have an LLC set up.

Do any of you have experience with this kind of situation or simply advice?

Verify all you want.I know your question was a mailing question however I just want to encourage you to find multiple methods of reaching people who will respond positively if you simply find a way to add to their lives.

Maybe they can add an option that allows the users to auto post their analysis and add a voting widget on it along with comments.Both parties win on this, the user can see what people think about their projects and biggerpockets.com will have more people signing up to use their analysis.

The warranty is simply us standing behind our placement of this first tenant and, as us, as a Management team.

Up until that point, then lender simply has a lien on the property - and the borrower may do whatever he deems fit with the property.Once the gavel goes down - assuming 91 days + 6 months in our example, then the Bank gets what is called a Trustee's Deed or Master Commissioner's Deed - which wipes out all debt - 2nds, 3rds, etc.At that point, you are dealing with an REO (Real Estate Owned) or sometimes called OREO (Other Real Estate Owned) - and when you call the bank, you want the Special Assets Dept. - not Loss Mitigation.

BK doesn't "give" the property to the mortgagee, it simply removes personal liability for the note.