Rest assured C is going to sue you.Like sandwich lease options, this just seems very, very risky to me.

The only up front fee is the application fee.And, rest assured that they either have an ATM card or they have $200 in cash.

I have seen you a lot around the site and I feel as though I can assure your advice is accurate.Sincerely,CVG

While even these "star" markets will be working their way through a period of price adjustments or a lengthier listing period at least their core fundamentals are sound.Those home owners who are unable to pay their upwards adjusted mortgage payments and who have not been able to re-negotiate their loan terms with their Note holders will assuredly become "tomorrow's renters".It's already started in many areas... rental availabilities are rapidly shrinking = a strong potential for investors willing to build SFRS for rental or for "sale" under Lease with Option to Purchase contracts, 2-4 unit multi-family and new apartment complexes.In Myrtle Beach and parts of Charleston (SC) developers of recently completed condos are now replacing unresponded to FOR SALE signs with "Lease with Option to Buy" signs and are now actually seeing evidence that strategy is WORKING.Savvy real estate investors are targeting "spec" builders with unsold inventory that has become a "money drain" in terms of interest carry and are buying SFRs for 10% - 20% below actual cost to complete.

Where full disclosure has been made and assurances have been made with the underlying lender, say with possible guarantees provided, these arrangements can go further, but IMO, not far beyound the 5 year mark.

Not to mention if you do a lot of REO wholesale...think of the IRS audits you will have by opening up so many companies in your name and closing them so fast..probably won't look good...might be easier to just add your buyers name to the contract and you use your wholesale contract to protect you and assure you get paid outside of closing

Notwithstanding, a grantor of a warranty deed generally warrants the six covenants of title: seisin (old common law word for ownership--"to be seized of the land"), quiet enjoyment, right to convey, freedom from encumbrances, defense of title, and further assurances to perfect title.

As a Realtor that deals with REO and investor buyers on a reguar basis I can assure you t hat banks WILL take an offer more than 100k under asking maybe not the first time, but it happens.

The Fresno market I am not as sure of, but the San Diego market is taking a hit.

Also, when working with me, the seller is assured they will not get a 1099 or a judgment against them for a deficiency balance… since I make sure the short sale agreements say so.