I use to say that I have never put earnest money on a non-listed property, but about a month ago I gave $30 earnest money to a seller who was half crazy and very unstable, and I didn't want to mess with it.I'll speak for Texas because its the only state I've bought property in, but you do NOT have to put up earnest money to make a contract valid in Texas.

Hi,I have owned a mortgage company for 12 years and I have been involved with putting together past clients from Europe that have 5-10 million dollars to invest in non-performing notes in the U.S.

Are you even slightly aware of the problems many condo owners in Florida have with their Boards, with escalating dues, with (perhaps non-existant) reserve funds and repair and maintenance that needs done, not only to the building but also to the common areas, with control freaks?

Will a non-binding, preapproval letter from a mortgage broker for a line of credit in the needed amount work?

But the good thing is when the economy and recession is 'Public' the stock prices of all these will go down.

It's so open ended and non threatening.

Check through public records for Rent Court cases.  

It's public record, and you have every right to access it!

I had coffee with some people from the non-profit sector.

AS you've now come out and publicly insulted me and the website, I felt that I had to respond.Our site has been inundated with dozens of people who are from NRU, and we've been forced to ban almost 100% of them.