Do speak with an attorney and be sure you're not violating usury laws.Does he have another loan he has to pay off?

And for this moment all the media here is speaking about lowing the prices of real estates.

Personally, their Zillowestimates are so bad that they have gotten some very negative press, which I suspect has had an effect on their business model and success or lack of it.

And if its not sold and goes back to the bank, are all of the claims negated?

I cant speak for your location or your agent, but I can at a moments notice pull the statistics on what the list vs. sale prices are.

The corporate con artists and criminals who have hijacked our state and rigged our financial system still speak to us in the obscure and incomprehensible language coined by specialists at elite business schools.

Don't forget to put a dollar value on your own time that will be spent hiring and overseeing the project.I suggest getting the cost estimates by actually speaking with local carpenters, drywallers etc...

You are currently carrying negative cash flow based on the 50% thumbnail estimate.

Pure bunk.If you could do the following:* create a website for TBers to leave their info* get door hangers and flyers and bandit signs up for TBer to be driven to Web Page* get TBers money together, whether it is a loan from Household Finance, or loan from their parents, what ever* convince the Seller that the sales price is a new appraisal, period, at the time the TBer gets financing approved and funding letter is typed up* learn about credit reports and clearing negative marks (Fair Credit Reporting Act, FTC, etc)* have a goal where 10% down payment is arrived to get good rates* have the seller pay closing costs* you as an agent get 3% now, 3% when it closesThe challenge is helping both the seller and TBer get a win win, not easy.i.e.

I hope to learn anything and everything, while seeing the negatives and possitives by asking questions from every levels of success.