It probably is not, so I would advise you to ask for your earnest money back.

The big companies know the legal steps and can advise you

Short of that, I'd be grateful for any local real estate pro to advise me on where to direct my efforts.Thanks!

By my REA advise I was dropping price 2 months in a row and when finally got public interest I found myself in loss.

I set up a kitchen lease two months ago, similar situation.What I see is the need for deep pockets and a deep operating organization to take on such a ventures on any scale with out of town owners.Are you proposing running the F/B or going in, advising and leaving after setting it up?

i found a great deal and i don't want to lose it. upon having a title search done here are the issues:

2008 bank files for foreclose

2011 owner later files for bk (has 2 homes only included 1 home and n...

But seriously, wholesaling is not easy and jumping into it head first without knowing investor basics and the real estate laws of Ontario (what is considered brokering without a license, etc) is not advisable, even if you are a real estate agent.

Fear of commitment would lead me to advise alternative investments.

That's not saying anything about folks trying to put it to some borrower, it's a lack of knowledge and that includes attorneys who advise many of the private types.

I advise my buyers to offer 70%, 80% or 88% net of the sales price after commissions.