@Kevin Duncan If the seller's agent is sharp, he will likely either decline your offer altogether or accept it with a kickout clause - meaning that he continues to market the property until you or your assignee closes - and has the right to accept and close on a different offer up to the time you execute.However, if wholesaling is illegal in your state as it is here, he will probably tell you to kick rocks as he is at risk of license suspension or revocation for participating in an illegal real estate activity.If he has an "exclusive right to sell" listing contract, which he almost certainly does, the seller is obligated to pay the full commission regardless of who buys it or how it is sold.

It got declined...

The 140 acres is great summer vacation history, but has an annual declining full time resident population growth.5.

Although we don't know what the market will do, and we don't know when a down turn is coming we do not that at some point things will level off and decline.

I think the country is in for a major recession and housing prices will decline significantly over the next few years.

Here's more news for the day:Home prices in 20 U.S. metropolitan areas fell in April by the most on record, signaling the housing recession is far from over, a private survey showed today.The S&P/Case-Shiller home-price index dropped 15.3 percent from a year earlier, less than forecast, after a 14.3 percent decline in March.http://www.bloomberg.com/apps/news?

I certainly don't think we're anywhere near bottom, given what is yet to come to market (government failures around the Globe, increased losses to the residential and commercial sectors, declines in manufacturing and productivity, etc.), but in terms of a strict number pronouncement, I'm not sure I have one.Given where we are and what's to come, I definitely think we'll approach the 5,000 mark or lower - I hope I'm wrong.

The biggest problem for us as investors (Aside from declining property prices) is that financial institutions don't differentiate between consumer mortgage and investors mortgage.

As is must have proof of funds and 1k EM.I offered full price with 20% down, declined the buyer credit, and offered to pay all closing costs.

Rich,Just curious what your thoughts are if prices keep declining.