I think he getting ready to lose the place.

And brokers that use that old formWhen done correctly, these “deals” are not illegal.I’d say they are more for ‘advanced’ REI and certainly carry some risk when the deal goes bad.From what I see, the problems are investors are not following every requirement in NCGS Ch47G, and/or their contract for leasehold interest is flawed, and/or they lose their buyer.So if you connect with a homeowner that is looking to sell their property and has already contracted with a broker, do you typically stray away from those deals because they might resist these more “creative” approaches?

Some lose money.

If you put together a wholesale deal that you can't close - who loses?

I am not sure what you have to lose by giving it a try.  

Any one not paid loses all rights (providing the foreclosure was done correctly).

(btw don't purchases their classes, all the info i've ever needed I've found on BP), where as if you don't lose focus, keep being social and network, show yourself to be of value to them.  

Then who loses?

In the meantime, my currency took a nose dive losing 5% to the USD in that space of time. 

If it's the same strategy you'd lose out, but at least you would have free marketing if their prices are too high for them, you can catch those looking for something less pricey but same area.