Copy of contract Agreement to Assign Contract for Sale and PurchaseSubject Property: ________________________________________________________________________Legal Description: ________________________________________________________________________This agreement is made between ____________________________________ (ASSIGNOR) and ____________________________________ (ASSIGNEE) regarding purchase of the above referenced SUBJECT PROPERTY.Whereas ____________________________________ (BUYER) has entered into a Purchase and SalesAgreement with ____________________________________ (SELLER) for the purchase of SUBJECT PROPERTY, and whereas BUYER wishes to assign its rights, interests and obligations in the Purchase and Sales Agreement, it is hereby agreed between ASSIGNOR and ASSIGNEE as follows:1.ASSIGNEE shall pay ASSIGNOR a NON-REFUNDABLE assignment fee of $________ (payable $_______ with signing of contract and balance at close).2.

That pretty much is the definition of mortgage fraud.....non arms length transaction, straw purchase, etc.  

Luckily the claim was bogus (medical records proved it) but the owner had to pay for the lawyer in the Workers Comp. case and that cost thousands..My advised would be to have anyone who works on your property show you proof of Liability Insurance and Workers Comp.

The issue was her history of not taking care of herself vis a vis medications etc. 

Hi BP, I ran across an interesting opportunity in the Houston Area. A mid-size pharmaceutical company is moving out of state and needs to sell their headquarters. Plenty of office space, lab testing space, and a parki...

@Dave DeMarinis Do you need recourse or non-recourse?

This is the type of stuff that can differentiate the successful from the non-successful.

Get it appraised for  140K and borrow, (in my case as non resident) 70% so 98K.

From what I've found CU's don't like them because their risk of you walking on some non-owner occ debt is greater.

A brokerage is fine if your non-traditional investments will not be overly interactive - such as the occasional note, syndicated deal, crowdfund, etc.