Please, if you go to service magic (or any of the other sites), keep that in mind because they DO NOT verify leads before they send them to the contractor.

You can't legally change the original contract without having the seller initial any changes.

Since this is more than the purchase price, (due to market forces, or property improvements) it allows the investors to pull out their initial 20% cash investment.

I'm tired of not being able to verify all of these phone numbers lol.

I've read that the payout ratio on title insurance is ludicrously low - would it be cheaper to simply self-insure and do the raw research myself (go to the county courthouse and verify good title)?

And initially in doing some quick math I thought they would be leaving about $200k on the table.

I'd like to see a list of initials and what they mean, even with dirctions on how to arrive at them. ofgift

If everything is completely disclosed up front (on the initial offer/contracts and not a later addendum threatening not to close after the fact unless you get money back), then it comes down to the lender's liability for allowing the transaction to occur.It's not mortgage fraud if the mortgage company is fully apprised of the situation and approved the loan with the contract in hand disclosing the terms of the money back, etc., with HUD reflecting the buyer receiving funds back...........As a rule of thumb if it's a strange transaction, don't do it!

My initial answer is to buy mobile homes when they are located in or you will move them into a park that you own.

It's gone.The foreclosing lien holder will normally bid an initial amount, and therefore buys it if no one else bids, and it is still subject to any superior liens.