Go out and find deals and when you have a deal, the transactional funding part is easy.It is pretty tough to put one together, worry about that.

Your contract should specify "liquidated damages" or "specific performance" as the penalty if one party can't perform under the contract.

Ollisha from what you have stated it sounds like the listing broker has a another broker or agent with a pre-screened buyer ready to go.Odds of closing are much higher than a random buyer contacting the seller or listing broker to tie up a property with no money down.At this point it seems the listing broker has no interest in working your offer but might use the fact of your offer on the table to squeeze out more terms and price from the other party with the buyers broker.

Jurisdiction still lies with the same court that granted it.Just so you know the court cannot order the lender to remove your name as they are not a party, if your ex wife cannot refinance because of bad credit, the court only has 2 options, hold her in contempt for not removing you, or ordering the property sold to satisfy the mortgage.

I have been told you could be stuck w/ more than one property, so it could be risky, but you can cancel any contract, at any point prior to it being signed by the other party.

Legally the Trustee will become the party who controls the asset and usually moves to work with the Mortgagee to satisfy the lien through disposition.

If you are seeking one on one, it must be in my opinion financially rewarding for both parties.

It appears to be double payout but it is two different parties with different insurance interests in the property.

Two things usually help in order to pull this off: 1) All parties need to know that you're wholesaling (not mandatory but it helps). 2) A good relationship with a buyer ready and waiting in the wings.

The second part is going to stay here because in our contract we said that person is obligated to repay us or obligated to make a loan.