It's my understanding that the seller must agree to the concept of a short sale, so you wouldn't be able to do a short without the seller knowing it.So you'd simply get a contract that says you can buy the property if the bank will agree to a short sale.

When you collect the deposit, do you provide any type of written agreement or contract to the buyer at that time, or simply wait until closing to sign the assignment?

Is that simply what it is?

Before we break contract, however, we will both sign a promissory note stating that he will pay me the difference in the option price I had with him and the option price agreed with the end buyer that I found; I will get paid from the title company as a lien holder at closing, simply having them wire my fee to my bank account and me never having to be at closing.

As you enter data a graph measures your progress in relation to your goal.

Not if you think it's legal or illegal, we all have our speculations: I simply want to know if it is legit or not?

We're also having a get together on the 25th and you can get more info in the group.Finally, it looks like your account shows that you're in Alabama . . . did you enter Colorado or is there a bug that I'm unaware of.Best,Josh

If the insurance is escrowed you simply set up the new policy with your insurance carrier, naming the trustee and benfeciaries of the trust as they may appear as the insured/loss payee, and of course the existing lender.The insurance company will send info to the lender, and get paid.

Something to keep in mind if you don't want to bother with a website (I haven't used one for my investing business for years) is simply create a gmail [email protected] It's sometimes a hassle to have to log in to your hosting account just to send an email and...Google seems to be pretty respectable in a lot of folk's eyes.

Release of all liens by all contractors and their subs must be granted or you should not enter into the deal.Many don't know this, but in some states, it is actually a crime and the contractor can be arrested for this.As for if this was a real deal or a "dog and pony show" as it was phrased, I am not sure.