Indicate that the legal address will be provided by the title company when they issue a title report.John Corey

Why not wait until there the buyer indicates they are serious?

If something crazy like that happens, you want to be losing as little money as possible.Relatedly, it also means you want to minimize your down payment.

This is so you're comparing apples and apples.But, of course, in almost all cases you want to do everything possible to minimize your down payment.

As the numbers and the replies indicate there is no real deal here.

You can minimize some of the risks by how you operate.6.

As Jim pointed out, every REO I've run into will not let you assign the contract, so its double close, buy it yourself, or take the risk of birddogging it.Ryan,By a double close I am expecting you are indicating that the buyer will take down the property using the hard money.

It is not about business cards.An LLC is a tool to minimize the legals risks while not causing too many other problems.If you have nothing to lose then having an LLC is not required.

Again I am simply stating what my research has indicated.

They get a lot of referral business through the CB network if my memory is correct.Speak with your Broker as they might know who are the main folks if the broker has been active for a number of years.Once you have the agent's names you can search by agent.In many cases that I have seen there will be a comment indicating that the owner is a bank or other special instructions that apply to offers being made on the property (mostly related to lack of seller disclosure).John Corey