This has been the old scam of investors, part of the reason I'm sure new laws have been adopted and such plays on the formation of a new regulatory agency, the CFPB, so far, they don't appear to be very investor friendly,doubt they will be in the future either.As Marc pointed out and as I mentioned, any note buyer will be considering the collateral, the market value.

You need to check with your state laws concerning the matter as over charging can create hefty liabilities for you. :)

However, from a "Bargaining in the Shadow of the Law" standpoint if the Seller realizes that the contract is arguably valid and still enforceable She will likely be less emboldened and probably hold up to her end.

I may be wrong to do this, but first, the over estimation gives me more safety in case I under budgeted elsewhere, and it lets me keep my sanity while estimating.

Origination also includes the underwriting of the borrower, setting loan terms and now, certifying the note was originated under a license, mortgage or law.

Banker said they by law can only extend the period for so long since it's a business loan??

If this is required by law as duel agent, I would understand and sign it, otherwise I think I have the right to opt out the exclusive contract.

TODAY, much of that is ILLEGAL, new laws are in effect.

That said, start reading the wholesaling forums, learn about how real estate transactions work, and perhaps speak with a local attorney who is familiar with real estate contracts and real estate law.

I would think a consultant would be more independent, marketing services to the general public in certain areas of consultation.An architect or engineer would be a consultant.There are many areas of professional practice in real estate, accounting, economics, law, engineering, finance, marketing and management, enviornmental and physical sciences, geology, hydrology and more I'm sure.