We sold out 3000 square foot, waste of space house. 

They should need access to the house to verify the square footage and look at the livable condition, but that's it.

BRRRR involves cash or hard/private money and when you refi, that's the first bank loan on that investment property.

I am happy to finally see other investors in the WW area actively involved in investing but actively engaging on BP as well. 

In some communities, the HOA has to take over the loan on the property, if financing was involved, and has to make those payments as well.

My experience is it depends on where you are on the list...and if you try to foreclose, you need to send notice to all parties involved. 

@Vanessa Deluca, they may be undecided on what entity they will take title - LLC, personal name, etc.They also may be doing a 1031 exchange which involved assigning the purchase rights to their QI.They may want the actual purchasing entity to remain anonymous for a while - think celebrities etc.They might be trying to simply get it under contract and then find a different end buyer.When the clause doesn't remove their liability to perform it eliminates most of the unscrupulous type wholesalers and is probably nothing nefarious..

FYI most hard money lenders require a 25% down not many do 100% financing and if they do there are some points involved. 

I am just unsure if my business partner and I would be able to work out a fee paid to us by the investment company - or if we would need a commercial broker involved?

Is there a big down payment involved with hard money loans?