One respondent said that if a person can't take care of their own body, how can they be trusted to take care of my business.

I've discussed this with several very experienced real estate attorneys in Texas and they've all affirmed it.As Richard stated, contract law DOES require that you put up consideration, but the courts have determined that a "promise" to pay is consideration in and of itself, and that if you are giving a promise to pay then the requirement of consideration is fulfilled.Now I've seen discussions that this is true for every state, but I have NOT discussed it with attorneys in other states and can't say for sure either way.Normally distressed sellers do not care about earnest money.

This economy is very turbulent, be very careful buying notes right now.

When you say damaged do you mean damaged beyond cleaning or that a good steam cleaning will take care of it.

This is because they might have a line of credit, all cash, or a great track record with a local bank that doesn't care what the deal looks like, they know they have a solid investment in the investor.

They could care less about your profit and absolutely won't take your costs into consideration.

If you're thinking of enrolling with NR, please, perform your due diligence carefully.

I'm an old guy so I no longer care about credit, but you need to.

I know, who cares about celebrities.

California is famous for its one-action rule, in which a lender must carefully elect one action to take against the borrower if the borrower defaults.