Used properly, the "rule" should prevent one from going broke because they assumed Rent minus PITI is all they needed.

There are of course the few who do and obviously, one would need to find such companies willing to perform the task.I completely understand corporate preferences preventing a certain title company from doing a double closing.

THESE RESTRICTIONS SHALL RUN WITH THE LAND AND ARE NOT PERSONAL TO GRANTEE.THIS RESTRICTION SHALL TERMINATE IMMEDIATELY UPON CONVEYANCE AT ANY FORECLOSURE SALE RELATED TO A MORTGAGE OR DEED OF TRUST.â€(Sales representative to calculate value to be inserted in paragraph at 120% of sales price rounded to the nearest $100).I’ve seen this filled out a few ways, including the words “120% of purchase price†instead of the $____, or just the actual number.Note that this restriction does not prevent you from wholesaling a property as long as you make less than a 20% margin.Not too that the second paragraph prevents you from borrowing more than 20% of your purchase price for rehab or refinance money via a second.Transferring the beneficial interest in a land trust or membership interest in an LLC will usually get around this restriction.

You can't put money in a CD without implementing some small degree of management in selecting the CD, filing out the account information and making the deposit.Keeping this in mind, consider the skills required to any real estate transaction and in blending these economic functions.

This was implemented to control speculation.

That takes a few minutesIts probably a lien or something that's preventing them from providing clear title.

I've had two tenants use these extinguishers to put out kitchen fires with their extinguishers, thereby preventing major damage.

This may sound too good to be true, but she is motivated to move, and the current mortgage procedures and qualifications are preventing her from selling to the general public.

If they will not waive their rights, you can file for bankruptcy protection right after the close and this could prevent the lender from filing a judgment against you and discharge the deficiency forever.

Just to clarify, a purchase and sale agreement would prevent another investor from stealing the deal from me?