Both Seller and Buyer agree to create and sign a traditional purchase contract and a traditional deed, such as a "Warranty Deed", as a "back-up", just in case a more traditional sale is needed".See if an attorney will help you "draft the language needed" and assist you in executing these "back-up" documents, and maybe "store them away for you both", just in case they are needed in the future?

There are some homebuyer assistance programs in place at section 8, but my understanding is that they would not align themselves (the programs) very well under a lease-purchase arrangement.

Came across this ad while looking for rent comps: http://baltimore.craigslist.org/apa/2588121845.htmlRenting a place to the first starnger, then evicting, not wanting to clean/fix/paint/replace carpet; Then renting the dump and then evicting, not fixing/cleaning/paintin; Renting as-is, evicting......

All liens, claims, etc are paid off and/or protected against, so basically you're getting a house with a perfectly clean title and no liability issues (there is always some risk, but no more with an REO than any other property you might purchase).- Generally, REOs are going to need more renovation than a house you purchase from a retail seller.

I could have guessed before opening that it was either an out-of-country virtual assistant or an article spinner, but this one was REALLY bad.

I've seen a few but with the clean up I'm not sure if they're worth it.

It was a clean way to do it w/o involving either of our individual LLCs.

Steve's idea will likely not fly as the end buyer likely has a lender and lenders will not usually loan without a clean termite report.You have just learned another valuable and costly lesson taht $95 could have saved you.

Again, thank you in advance for any assistance you can provide.Thanks,Adam

I am wondering how/if to best use the Cash Value of my Universal Life Policy to assist in getting into RE Investing.