Bill, I have no intent to debate this with you, as it appears you are talking my words, quotes" too literally and misconstruing the point.Not sure which crystal ball told you bank lending rates would be 8.5% in 2 years, but NO, HML's would not lower their points and interest rates.

My 2 points of debate were1) the real estate collapse is not all at the feet of realtors &2) EVERY realtor is not unethicalThe issue that I have always mentally thought about was, if realtors are asked to do a service, then asked to be the "experts", is it not a conflict of interest if the only way an agent gets paid is for a transaction to occur?

FOrgot to mention, this is not along the lines of the original post, nor was posting that "contract" as it had nothing to do with the questions posed......start a new thread if you want to debate this, Thanks, Bill

Oh please don't get the value of a broker/agent debate started again.

uhoh...looks like we're gonna have a math debate!!

I don't know how many times, I've debated whether to be rude and say that I'd rather stand or actually sit down and try not to show my discomfort.

Discuss the details with a good real estate attorney.There's always debates on whether “subject-to” deals could trigger the “due on sale” clause commonly found in all mortgages these days.

I am sure it will spur a great debate.  

But you are Fed SEC registered.If your deal offers equity not a interest / term baring note, you have jumped straight to Private Placement Memorandum time, no debate.  

I am planning to do the regular background check and credit report, but was debating how I should make the judgement if they are qualified for the income requirement.