"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?

Flip and take proceeds to make multi-family purchase and repeat.

The foreclosure involves filing a foreclosure suit with the court to start the proceedings. 

Other closing fees on the sell side and commissions are paid for out of buyer proceeds, in other words they don't come out of pocket). % RETURN ON CASH: 27.3%Project Length: 3.5 Months (from time cash was invested to time cash was recouped).Before and After Pics:Once again, curious to see how other parts of the country are.Thanks for sharing in advance and happy investing!

I would also try to determine if the property is still occupied and have a plan for post-foreclosure actions, if you are going to proceed with the foreclosure.Information about the Tulsa county sheriff auction process can be found on the Tulsa County Sheriff Website.Hope that information helps.Nate

The Seller, through the Buyer, will pay a locator, referral and/or contact fee to the Consultant for the Services equivalent to $______________ (_______%) of the total proceeds derived from the sale and/or purchase of the certain property located, referred and/or contacted as requested by Seller and/or Buyer, or a flat fee in the amount of $_______________ for services as described in Paragraph 1 above.

Things to consider is the location of property( crime,appreciation ,etc),all costs associated with running the property (taxes,insurance,water,etc}.If the rent exceeds your costs and you have evaluated the above conditions why not proceed?