HE JUSY WANTS TO DEAL WITH ONE PERSON SO IF HE GOES UNDER CONTRACT WITH ME HE WANTS TO SIGN THE DEED TO ME,SO, IT LOOKS LIKE I WOULD HAVE TO HAVE 2 CLOSINGS, WOULD THAT NOT CUT IN TO MY PROFIT?

I signed a quit claim deed to them and rented the property back from them until they were paid back with interest.

Would the homeowner need to give signed consent for the bank to release information about this property to me.

They called me up an hour after they signed the contract, and said they wanted out.

Most listing agreements signed by a lender would have a clause that would still hold the lender liable for the commission on the sale for a period of time, even if the house was taken off the market.

Do not shy away, but certainly learn the rules beforehand and know the players here.

Look for signs of moisture from above- peeling or cracking ceiling paint (or worse!)

One free months rent for every name they give you that ends up renting your place and signs a 1 year + lease.

I do not require for them to sign any documents such as a limited power attorney, which someone must do in order to receive another persons personal information such as a credit report.This is one of the uniqueness of my business.I hope this clarified any misunderstanding.

Unfortunately short sales in Portland come with a short sale addendum which all firms are requiring to get signed by all parties.