i have my first virtual wholesale deal going on and need a contract thats applicable to ohio laws!

Is there some sort of conflict of interest or some law that says license Real Estate agents can wholesale deals? 

Well definitely ask the broker to cite the law that says that.  

Mortgages generally get a recorded "satisfaction" after a foreclosure, whether 1st or 2nd's....they just become irrelevant as an "operation of law".  

If you already owned a house and were just going to move into this one in order to 1) get OO financing, which is usually way better than investment financing and 2) follow your city's laws on tenant eviction / rent increases (I'm assuming you have those), then to me personally, that would be unethical (although quite legal).  

Often state law requires the same.

The reason I mentioned the homestead case law was to highlight how difficult it is to determine whether a house will fall under the 180 day or 2 year redemption period. 

There’s other states that have unique laws, Louisiana and North Carolina.

.- Let's say you decide to foreclose on the property, you could rent it out on an option - meaning the end buyer pays rent, and you deed the house over to them for a small amount of money after a certain number of months go by so as to avoid originating a mortgage (and the laws that go with it).- The other option is foreclosing and renting it to a rehabber until he or she is done fixing it up, then flipping the property to an end buyer or refinancing it and keeping it as a rental (almost like a Hard Money Lender except in this case you the own property).

@Christopher Telles  I bought my sub 2's pre 08  and quit when the anti pre foreclosure and equity stripping laws were passed in Oregon and Washington..