Just make sure you have a inspection clause, that states the sale is contingent on property passing final inspection.

It probably won't be needed for a purchase contract, but would be needed for the final closing.

In addition I have two associates who's full time job to travel the country looking for good buy out deals.As a result of the real estate collapse in the US, several Americans are not able to close on their units they purchased 1-3 years ago and are just trying to get out of their contract.

I agree with Duncan,Google Adwords is in most cases cheaper and you can control it, adjust it, target it, and your results with be visible quicker.And if something is not working out, you can quickly adjust the ad, keywords and target market.The best part, you can start building your list of buyers or investors in the next 5 minutes.

Additional info to my above post that I forgot to add.I'm planning to allow the buyers to claim the tax deductions for the payments they make, taxes, insurance--this will be written up by the attorney....my understanding from title co we present them with our purchase agreement and they send to the atty for the prep of the REC then the final pkg is held by an escrow that collects the payments until the "buy out" of the contract occurs in 2.5 years.Is there a better way to structure this and or what should I be aware of tax wise on this?

I don't know what the final proposal will look like, but it looks like that the final provisions of the bill will have little in the way of direct reward for homeowners who borrowed more than they could afford.

Is the result of this happening, the ability to call the loan due?

Only tomorrow will tell what is to come as a result to the WaMu mess mixed with the lack of a deal on the bailout.They are going to rue the day they screwed you and your HELOC, Richard.

I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.

(I had to do that when Countrywide said no but in fact, after I finally found out who the investor was and actually talked on the phone with them, I got approval for $7000.)Also, make sure they state in the approval letters that it is paid as agreed and nothing else is due.But I agree with Tom that you should try to turn it into a rental if you don't want to live there anymore.