1) How do we protect ourselves as investors once weget someone under contract who is in preforeclosure 2) How do we get around the due on sale clause3) What is a land trust and is it used to protect theinvestor from the due on sale clause

4) Why do other investors suggest always use a landtrusts for the homeowner in preforeclosure and he orshe is the beneficiary of his own trust5) to protect ourselves as investors to do a 2nddocument which is called an assignment of beneficialinterest of land trust what is the purpose this 2nddocumentThis 2nd document shall not be recorded in publicreocrd of any county and you have him sign thisdocument over to you as the owner, he assign to youone hundred percent to you, this document does notexist until everyone signs it, as long it is notexececised it does not exist, both top parts aresigned not the bottom, then what happens afterwards doyou have to pay tax twice6) what do you afterwards you set up a land trust doyou do a short sale, do you record the land trust, itor do you do something else

Assignee will indemnify, protect, defend and hold Assignor harmless from and against any and all loss, cost, damage and expense arising out of or in any way related to a breach or default of the Contract after the effective date.

Property rights are totally protected when set up properly.

Land trusts offer absolutely no asset protection.

[/b]If there were some sort of "protective" law to prevent price slashing the result would be hugely increased risk to every single real estate investor, builder, and developer.

As I read your post, I found myself wondering how to do you protect the lessee (tenant) from a less-than-horoable seller that might want to go behind his back and take out a HELOC or refinance?

Protect yourself.

I don't want them, and once you get burned a couple times by miscellaneous circumstances like these you become overly protective with similar situations in the future.

Marvin i used to use the same 9 page contract that a Realtor used in my State.Now i use a 1 page Purchase Contract with the same language and a couple weasel clauses i added to protect myself.Anyways try to get a Purchase Contract from the State your investing in or if you have any friends that are Agents that can provide you with one would be better.Start by eliminating all the Broker's stuff,Financing,and all other stuff that you don't think is needed also add all the legal language your State requires.HAPPY HUNTING..