Jeff S Na I suppose I was looking more toward a revenue share loan.  

@Hayley CourtneyYou can deem the property abandoned and take possession and do not have to go through the eviction processIn Texas, you are supposed to store the property for 60 days before disposing of it

They haven't been able to communicate with the mortgage servicerThey were supposed to be sending the money to the bank but obviously never did and they didn't find any of this out until it was too late Like I said no lawyer would take the case.They aren't very educated on how this all works and I'm sure someone targeted and took advantage of their volnurablity Now the process has gone so far that there's nothing to do There's no family to help I'm basically their last resort It's a shady situation oand I don't know the details of the leagal side all I know is the house is selling to someone tomorrowThanks for all the responsesI'm still looking for a HML or line of credit for a down payment

Hi all, I'm supposed to be closing on my first wholesale deal next week.

They do have to follow RRP rules, but everyone is supposed to anyway. 

Supposedly they give up to 15% LTV in exchange for 50% of future appreciation.

I suppose I didn't take into account the larger the house the more EVERYTHING costs.So my question is now what do you do when you know you are going to go over budget?

Is that wholesaling fee supposed to be capitalized or expensed?

They were late again in June and my husband talked to them and it was supposedly an issue about pay days so he gave them until the 10th of the month to pay without penalty.

And  she is supposed to know everything about the property she represents.