D asked to have it deleted: requires me to pay to the broker 6% of purchase price if Seller agrees to sell, or transfers the title of all or any portion of the Premises to any governmental entity resulting from an actual, claimed or threatened taking of all or part of the Premises by the governmental entity pursuant to its power of eminent domain; (that's not even on the listing agreement of another co, but the other 4 are...)That means that C is basically the one she totally rejects, but we can negotiate on that one, I hope.

It seems hard to believe that somebody with a lot of equity would basically sell their house for what they owe on the mortgage.Will

To make a long story short, I've managed to save $9,000 don't have any credit card debt and plan to take basic real estate courses at my local community college next semester (real estate basics, the economics of real estate and real estate finance).

If the seller counters at $122,500 the agent cannot tell the seller that you won't accept or that he thinks the counter should be $120,000 because he knows you will pay that much.Some deals could be a walk in the park and others could get very heated depending on how trustworthy the agent is.The way I see it, it doesn't cost you anything to have an agent as a buyer since the seller pays the commission.

Then close.3 seperate basic agreement steps?

The basic structure is up but drywalling and interior is yet to commence.

The builder/seller has the basic structure ready.

If they say yes to either one of these you can find another investor to help negotiate the deal for you and they can pay you a finders fee.The bottom line is basically to make sure you are asking why they are selling and when do they need to sell by.

Trustee Sales are a lender slightly different animal, however property taxes are basically always in first position and always going to be paid one way or the other. 

On the other hand, a basic purchase and sale agreement is a good starting point.