Keeping my fingers crossed that inspector doesn't find anything so I won't have to walk away.  

After that seeing whether their parameters (which are generally over and above the IRS requirements) satisfy your needs, and you find the right custodians.As usual building relationships with one or a few of them allows you to have transactions move smoothly through the system.

Hello BP Colleagues, I am just starting out and looking to use transactional funding. 

NOt work on it for 10 days waste your time and especially contractors looking at deals that can't close.I know its frustrating. and out on the east coast were title I susually done at the end of the transactions I make them run it day one.. you should see the stares I get back.. ( hey why are you doing that ) for the exact same reason you just stated.I had my first resi deal in Calistoga cira 1975 and worked on that got ready to close 45 days into only to find out same circumstance you did.. now talk about a  bumbed out rookie 18 YO agent ..

You need to get an attorney involved for Seller Financed transactions, especially if you have not done this before.  

Prospecting FormPROPERTY INFORMATION WORKSHEETLocationAddress __________________________________________ Date _________Location / Cross Street _______________________________ Map Pg# _____Seller _______________________ Ph# ____________ Alt.

You've got to be comfortable more or less handling the transaction "on your own" because it's hard for the listing agent to truly arrive at the best outcome for the seller and buyer doing a double agency.

@Chinmay J. the owner or anyone in the chain of title can redeem the property up until the day a judge declares the foreclosure final.

There is a little more hand holding than normal tenants so I'm not sure I would want to cross that bridge in a market that I didn't know or have the most trusted boots on the ground.  

@Tony GattoGood luck with your transaction.