@Russell Brazil, you usually give good advice and are, I'm sure, a great realtor.However, let's stop focusing on me as a Florida Mortgage Broker who has an experienced borrower who was able to conceal a foreclosure that the lender's QC discovered late in the process and focus on the 800 pound Gorillas in the room and that is the following:$640,000 x 6 points realtor commission = $38,400$19,200 to the listing agent $19,000 to the buyer agent Out of $38,400, you don't think it's appropriate for a Florida Mortgage Broker to make each realtor come off of a few of the mountain of bananas they're both sitting on to keep the deal together?

Or are you having to bring cash to the table?

The only reason not to allow a second is that the first HML/Private lender has the intention of taking the property, not just getting their money back, another predator matter.Taking a deed-in-lieu-of-foreclosure is not like it use to be, now any lender should be able to show that the borrower request that a deed be accepted, which also means any pre-arranged deed is off the table, you can go down the road of an illegal foreclosure.

I like the idea of giving them options on a letter of intent because it puts all possible scenarios on the table.  

I guess I am a old school and just love setting at the closing table!

Hello everyone i have question that i need answered from either an experienced wholesaler or some one who has already figured out this process.so my question is, how do you wholesale other wholesalers deals and make sure your protected to the point that you get paid if you bring the buyer to the table?

Several sections were cut out to be made into tables.

Knowing there are no leases, and he doesn't want to "spook" his tenants because he thinks they will stop paying and move out, makes me a bit worried about other issues that may arrise from tenant issues like security deposits and verbal agreements that I will be expected to uphold if these tenants aren't gone by the time this is put together at a closing table.

If you have less land or management you may need more capital.The easiest way I know to explain "compensating factors" what a lender will look to in making a lending decision is what keeps the deal in balance as a good lending risk.Borrowing money is an economic transaction, there must be some exchange made by each party and each must bring something to the table.

Another issue might be that during periods of heavy rains the water table rises and if this is the case you might consider a sump pump.