You handle all the paperwork and menial tasks of the transaction/closing, and if the buyer has any issues outside of pure logistics or paperwork, you refer him to an accountant, an attorney, another agent, etc.I imagine on your state contract there is a place where you denote whether you are representing the party as a client or customer.

Do you know of any other amounts that may show up when we get into the paperwork?

Could he not argue that no money was exchanged and no paperwork signed therefore there was no damages (legal damages if sued by 1st applicant)?

I have not signed any paperwork with my current property management company yet.

The law, the paperwork, and even title and escrow (if that’s how it’s done in FL), are the easy parts though.

She paid it back when she sold her previous home; but, supposedly someone dropped the ball on the paperwork and their name never got cleared from the deed.

I did a cash-out refi last year with a large, national bank (Wells Fargo) and here is what they required:-Ownership for more than 12 months-Property could not have been listed for sale within the last 6 months-75% LTV-Full appraisal, extra documentation on renovation work, and A LOT of underwriting questions/requests/paperwork-Took a little over 2 months to close the loanMaybe a smaller, local bank would be different but that's my experience with a big bank.

Get ALL the paperwork done correctly.

Why not just go ahead and do the paperwork for filing foreclosure??

Even when they want his original signature on certain things besides the power of attorney, I'll get the paperwork to the point where he just spends 5 minutes before dinner, signs where I tell him to, and I'll take it back to the loan guy or agent the next day.