Is this correct?

THere are forums where you can advertise, but this isn't the correct one.

That being said, it's a good idea to make sure that the contract includes a clause regarding assignment.100% CORRECT!

If i understand your situation correctly, a 203k loan might have been your best recourse.

Sarah, it was a typo listed 9/22/11 for 20k, they corrected on 10/05/11 listed for 200k - short sale and it's a SFR.

correct?

Some owner finance is happening to almost every deal these days in the commercial realm unless they are buying on a low basis with all cash.2 viewsBuyer wants to pay nothing and owner financeSeller wants a fantasy price and wants all cashSomewhere in the middle lies reality.When I do owner finance deals from sellers they can research me.I am plastered all over the internet.If something goes wrong my credibility goes down the tubes.The problem with many investors wanting owner financing is they don't sell themselves correctly to the sellers.If you as a buyer have no money,no credit etc. you will appear weak to a seller.If you are a qualified buyer but just want owner finance then the seller might be open to it when they see what you will guarantee on the loan and what kind of credit and reserves you have.

That something I would, of course, disclose to the buyers and the seller.Am I correct?

I believe you are correct.

If I remember correctly, HUD is 50% but some conventional is 33%.