If not then I could proceed with what I said I'd do and I 'wouldn't get a penny!'. 

They need to establish a local business entity you can receive funding and distribute proceeds to just like another local.  

Please internalize that before we proceed.

She claims she has no reason to come back here saying Throw out or Donate anything left in the house I have tried making all kinds of offers to her reguarding an outright purchase but she claims she wants the income for 5 years to make the deal fly .Like I posted I don't NEED to do the deal and quite honestly after 5 years what ever Net Net Proceeds come my way is going to the Grandkids trust fund anyhow  As long as her and my attorneys are on the same page I am Ok with it Any Idea on How you would structure this deal ?

Some last minute issues came up and it won't be able to proceed.  

But probably the junior holders would probably be bidding in amounts to cover the first paying proceeds to clear them.

"If Buyer reasonably believes that the inspection report reveals DEFECT with the property (under Indiana law, Defect means a condition that would have a significant adverse effect on the value of the property, that would significantly impair the health or safety of future occupants of the property, or that if not repairs, removed, or replaced woud significantly shorten or adversely affect the expected normal life of the premises), and Seller is unable or unwilling to remedy the DEFECT to buyer's reasonable satisfaction before closing (or at a time otherwise agreed to by the parties), then Buyer may terminate this agreement or waive such defect and the transaction shall proceed toward closing.

If it gets to that point you might want to get an attorney and file a counterclaim.Even though the attorney for small claims might not be allowed at the proceedings you can still get counsel from them to prepare.Every state is different and are founded on different sets of laws.People get sued everyday.

Hello all.I'm looking for a bit of guidance as to how to proceed with my first purchase.

Hey Tracy Thurman, did you find anywhere in Waterloo, IA that does a legitimate double close using the proceeds from the cash buyer to secondly close with the seller?