I can't stand that guy because he's an arrogant jerk.I'm sure there's two sides to the story and this is his....but the whole "attempting to take me away from my 9 year old boy, when it is my responsibility as a father to raise him"good grief, give me a break

Also the 3rd party company I use to process all the payments actually report the payments to the tenant/buyers credit to help improve it.Again to answer your question, Very quickly!

It needs to be a win-win situation for both you and the money source, this way both parties feel good about the deal, want to get it done, and want to do more.

The first one was a bad cocktail party and no one was doing anything other than meeting.As to what a newbie brings to the meeting - nothing is right.

We're ordering preliminary title work today to uncover where they stand with notes.

And if they agree to sell the property at a certain price and it's all in a contract (that was not signed under duress) how would they have a legal leg to stand on?

Always remember that any comps that are given by a person who stands to make more commission by maximizing the value of the property can't be trusted.

When a seller carries a note on a property, and there is an existing mortgage the parties have entered into a transaction referred to as "wrapping" the existing mortgage.

Question #3: What is the most beneficial way to do things for both parties??

Here is a clause I have in my assignment contract:Assignee agrees to stand in the place of Assignor, and agrees to indemnify and hold harmless Assignor from and against any claim or action which may hereafter be brought or asserted by Seller against Assignor arising under or by virtue of the AgreementThat should be sufficient protection against any litigation that comes across your way.Although I would have an attorney look over any clauses in your assignment contract to make sure they are in line and legal and maybe ask to see if there is a clause you can add to further protect yourself.