The bank would still want to know about the commission to include it as an expense on the final closing disclosure.All the best!

@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly

Happy Holidays BP Family - I'm currently working on a seller financed industrial deal, asset on the smaller end (~10ksf).

The price of the property would not exceed the cash coming from the stranger's account + possible cash coming from my account.

The client did the scope, they found a branch in the line, and an offset.

We also dealt with this in the City of Chicago.

.... review the borrower's exit strategy! 

I just know that when we had french drains installed around the house foundation and redid all the drainage systems in the yard they were 4' deep and they made sure that the slope was sufficient for the task.

Prior to going pending the power is about 90/10 in favor of the seller after it’s us.

The big thing is to get started with a good, quality property.