Although I haven't been working on any retail-type marketing, I've been working on a buyers list populated with investors, not people seeking retail property.

What I can guarantee you is that a lender may not seek any payment on any mortgage unless that person signed that note as a borrower or to guarantee that loan.

What a relief that you're finally under contract!

So in the + column, it's just a little bit of equity build up and some tax relief with depreciation.

Search for FSBO and your location for local contacts or attend your local REIA group for additional contacts - often those groups even have a "marketplace" where members can exchange deals they are offering/seeking.

I have a free and clear home with a market value of $110-$140k. Looking for a $35k loan for six months.

My apologies if this is the wrong forum, but I'm seeking hard or private money to fund purchase and rehabs in Texas.I require little to no cash out of pocket and a program that is not driven by FICO.Thanks,TS

He did mention that the lender made a comment as to her trusting him, so I suggest she did the deal based on trust rather than seeking competent advice.

Any breach of contract can trigger the mortgagee seeking to enforce the terms.

In the event you have suffered damages, such as paying for inspections and other expenses based on thinking you are in a contract and purchasing the property, you may be able to seek reimbursement for those expenses from the bank.