I said these contracts have fallen out of favor with me arising from two matters dealing with executing deeds and circumventing foreclosure law together with Dodd-Frank if applicable.That said, since Dodd-Frank is not applicable, a contract for deed would be preferable in your case as an installment purchase, the remaining deed issues can be addressed.

It's totally possible to take over a $90K note at 5.5%, sell it with seller financing for $105K at 8% and not be inflating value and not be predatory.

Usually you have so many days, then either: 1) The contingency automatically is removed if you don't invoke it, or 2) the contingency remains in effect until removed, or the contract canceled by the seller after a certain time.

Equity is the net remaining interests after all superior liabilities.

You will find a couple of pockets in town where property values are on a heavy incline while taxes remain low.

Revocation, death etc.The listings remain with the brokerage so if your friend remained with said brokerage she shouldn't have them moved to another agent.

Buyers are saying that they do not qualify through their lender for the remaining amount to be mortgaged.

The lesson here is to never close with work remaining un-done by the seller.

Most wholesalers who are "bad" are guys because they are "perceived" to inflate the ARV and deflate the rehab cost.

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public recordExisting loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.