If there is something like that and you sign it you might be committing mortgage fraud.How much better are the terms you are getting on this 2nd than for the 1st?

I think Jay might be talking about title commitments which are something totally different.

We didn't commit but she offered to send comps (which arrived about a week later).

Having a license holds you accountable and requires more of a commitment than watching an infomercial on late night TV and then putting up bandit signs all over town claiming you're going to buy houses for cash FAST!

At this point the seller is working with an attorney to clear up the title issue and he still seems committed to selling to us when that's resolved so we're just going to have to wait and see.

I've been wanting to do this for the last 3 years but really didn't commit to it.

A binder is a written commitment by a title insurer to provide future title insurance based on title as it currently exists.

Be sure that the subscription agreement requires that the funds be "immediately available" so that you can immediately deploy the funds with no holds on the funds at your bank.I would do this because I would only partner with folks I felt 100% comfortable would honor their commitments.

The issue is that it should have been addressed before hand.So, then the seller say's "Sorry it makes you nervous, but you only have an option, the right to buy, you have no commitment at all to buy.

Next morning he committed. 15k assignment.