The purpose of the EM is to provide some level of financial commitment from the buyer, so the seller is more comfortable.The bigger issue here is that short sales can't easily be assigned.

Then we showed up 2 Sundays ago to try to get money out of him, but he refused and even had the audacity to say we were committing fraud.Once he realized he was really getting booted out, he said that if we gave him a ride to the social security office, he could get paid through April's rent.

states have a similar concept where basically company control "...must have been used by the defendant to commit fraud or wrong, to perpetrate the violation of a statutory or other positive legal duty, or a dishonest and unjust act in contravention of plaintiff’s legal rights"(1)The material facts of the case don't support the claim of "wrongful intent or bad faith" by the defendant.

Loans still waiting for a firm commitment from the FHA are likely to keep on waiting for awhile, sources say.This is good news for private money, non-bank lenders, also called bridge lenders, or commercial “hard money lenders.”

I plan to implement a wholesaling marketing campaign to find discounted SFRs, flip a couple of those to acquire my first buy and hold as my better half is not ready to commit to using "our money" quite yet.

The entire purpose of the HUD policy is to put a stop to the fraud being perpetrated by corrupt appraisers in cahoots with investors who would over-value a property to commit fraud against buyers and banks.

I do like Kaaren Hall & uDirect because they have a great commitment to education & outreach to the investor community.

I am about a week away now from refinancing that one and looks like I will have an extra $6,000 out with a 70% loan to value and cash flow about $250 on a 15 year note.I like the idea of the quicker cash with a flip but can't seem to bring myself to commit to it when I see the long term potential.

A tenant may not wish to make that commitment just to satisfy your borrowing needs.

Do your shopping before you commit then stick with the one you choose.