I'm trying to remember from subject to's there might be a specific letter you can send the bank notifying that you will be sending them the checks. 

my contracts are structured amortized 30 years, balloon at 5, at the time that this contract is satisfied then at that time I will supply Warranty Deed and title insurance etc...  

Another thing you need to consider before starting out is your financing and get a loan letter so you can submit with your offer and give the owner confidence that you can close on the deal.   

From what I understand thus far, it seems imperative to have a lawyer on your team when it comes to making an offer, and perhaps even when it comes to sending a "letter of intent"...

My experience is that people who really intend to sue, and believe they have a case, don't bother telling you they're going to sue - you just get a certified letter.

You will need to act if/when you get a certified letter in the mail about it.

They might be an adjustable rate mortgage, balloon payment, etc. 

But the preapproval letter is not sufficient for this seller.

The woman, thinking she could save the homes, deeded them back into her name and got a letter stating she had committed fraud ( I guess this was sent by the same construction company and their lawyers). 

I'd never call off a bandit sign, yellow letter, craigslist ad, etc. but they all work with the right people.My biggest suggestion and the thing that exploded our business, was putting money into SEO to drive pre-qualified people.