Its a safe bet if you watch your ars.    

granted but I bet there a ton of folks and probably the majority that would have done the deal and done the same thing.I bought a home from a wholesaler in the south.. almost same exact numbers.. elderly black lady home worth 210k as is.. they tied it up for 90k and wanted to make a 100k fee flipping it to me..

How much you want to bet at the end of that " free" hour , somebody is going to want dig into your wallet to learn more 

Bottom line its basically sophisticated investors totally screwing unsophisticated buyers.. at least the majority.. this is why the DOJ's or AG's will step in its about consumer protectionAnd has zero to do with the brokerage community as Vince stated :)  I bet a bunch of the offenders are local brokers.

But I bet I could figure it out.

If you're in a position where you have to push, confront, cajole it's usually a losing battle.If you paid a decent amount up front then your best bet is to be calm, diplomatic and try working with him, which usually means spending more money and time than anticipated.

I'd bet the "contract" is 90% to the buyer's benefit, just guessing, that the exit door is wide open.

This is not a Fannie Mae or Freddie Mac product, so the odds are it won't be main stream.

I think your best bet would be to start calling around.

Someone bought it to hold and overpaid I bet.