Most of the larger brokers run their loan origination business off Calyx Point and add custom state-specific documents and disclosures. 

"One thing said wrong can open up a can of worms legally, morally, ethically and especially dealing with disclosures and regulations can come back to bite you after the sale".

Full disclosure, AFA working in IN, except for calling a broker, we have no contacts there.

that is a big distinction  and if he is.. then yes I would think you would need some disclosures..

I will try to answer your specific question, but full disclosure that I know very little about your specific market.

At the bottom of that written list, have the disclosure that "owner may accept an applicant that does not meet the above criteria, at the sole discretion of the owner." 

This does not mean you cannot assign a contract, but the matters of disclosure and intent will factor into how the transaction might be perceived.There are a few folks on BP wholesaling in Canada, but I'm not sure if any of them are undertaking it as their sole business practice ... due to the size of markets; Canadians conditioning to use real estate agents; historically low mortgage arrears (<1%) and default (<0.5%); and privacy laws which make acquiring lists of motivated owners challenging .... wholesaling doesn't seem to work as well here.

The seller and current owner often may not know about litigation that's about to be filed against them as well, so it's not simply a matter of disclosure.

I'd get a few estimates because it can vary quite a bit on a job that size.Full disclosure, we have submitted an offer on that property so I'll be happy to discuss numbers with you once the seller has accepted an offer - ours, yours, or one of the others.

Question, did the listing agent show you the house and have you filled out any of their disclosures?