"He asked that I schedule you for a telephone call so he may discuss with you the aspects of these types of contracts, what should be considered when entering into the contracts and what is needed for certain situations."

You need to know about liens, back taxes, etc. before you enter a contract, let alone selling it.

John I have to agree with you in that before anyone enters into the real estate arena they need to know what they are doing.

Great advice thus far and I too recommend my thread on the truth about wholesaling.In today's market, wholesaling has become even more difficult due to the supply and demand Susie and tight spreads.I recommend if you enter this strategy, that you go the direct marketing route.

You can't just file a seperate case with the Court to have the Lis Pendens removed without entering an appearance, answer and all else in the Court case that originated the Lis Pendens

I've seen FHA appraisers mention a hole in a screen as if a pencil bent the tiny square hole in a rounded shape saying the screen would not prevent a fly from entering.

...In a judicial state (I Believe OH is judicial), there will be a judgment entered into the foreclosure lawsuit; you would be entitled to set your initial bid at the amount of the judgment plus other associated costs (sheriff's fees and deed recording fees are some other costs that might be rolled in - state law will tell what can and can't be rolled in).

I have 2 homes in Las Vegas.Here are the deals: 710K-Price7K Rehab3K Fees900K ARV800K - Price0-Rehab1.1M Appraisal Value975K - Offers on the homesLooking for a partnership but I am not confused about the REO paperwork involved.I am at the phase of entering an offer for the homes.Help~

Terry, there are several options, being a licensee does not mean you're an agent until you enter into an agency relationship with a broker.

How should financing be entered on the contract?