Am I correct on these points or am I missing anything.

I stand corrected.

It has just 4 billion barrels of oil reserves, compared with Abu Dhabi’s 92.2 billion barrels. ‘Healthy Correction’ Dubai officials say the emirate can weather the storm. “The real estate sector is witnessing a healthy correction,†Mohammed Ali Alabbar, chairman of Emaar Properties PJSC and head of a committee studying the effects of the global credit crisis on Dubai’s economy, said in a Nov. 24 speech. “This is a consequence of global financial conditions and is inherent to the very nature of the market.†Dubai will meet its debt obligations, he said.

Correct me if I'm wrong but loan doc's are placed in public record and public records are as good as the original doc. right?

How do I correct that?

I'll get in touch with the bank tomorrow to move this along....but you're probably correct in your assessment that this deal isn't going anywhere.

Mike, Some of what you say is correct.

If our memory serves us correctly, our income-to-debt ratio didn't qualify us to make the standard 30-yr pymt, but we could make the interest only or the minimum pymt.

Texas is very strict with their executory contract laws (that's any contract to purchase without immediate transfer of title, which includes lease options and contract for deeds).If you don't do them correctly you can be liable for up to $250 PER DAY from the day of execution of the contract.

Just trying to make sure I understand this correctly, As an agent, will I have to include my Brokerage info in my own contract when submitting offers (properties I want to buy)?