The title company will either reject the money or have you and the lender sign a form called Third Party Deposit Instructions.

Ok I've got some more details from the broker-The mortgage is a CMBS loan and the fees to defease are too big.

Also, make sure you run a full/detailed credit check.

In order to receive/access DETAILED/COMPLETE credit report info (as opposed to just getting a recommendation on whether or not to rent to a potential tenant) from ANY tenant screening service, you must have an onsite inspection by a designated third party and pay an inspection fee.

So again, sit down and discuss the details and work them out.

I give them the full list in writing when they see the place (hard to cover every detail in a phone conversation.)

they will give a typicall block ranch stye home that nice architectural detail that the craftsmen style homes have on the inside.

And to be well-positioned to do the second group, you need a certain set of skills:- Ability to create detailed business models and plans;- Ability to raise large amounts of capital;- Ability to understand complex financial models;- Ability to build and manage large teams;- Ability to systematize and optimize on a large scale.Most people don't have these skills and will never have the opportunity to easily acquire them.

Your purchase makes no sense-please explain the details, so we can help you For the last 2 years I have been looking for a house for me to live in.

More because it would be too hard to educate the agents as to the subtle details that have to be managed to keep things on the legal side of the line.John Corey