My short list includes: a) legal cost of drafting & executing agreement; b) appraisal of collateral property; c) fee for registration of second mortgage; d) administrative cost of servicing; Are these reasonable?

Within a week I had agreed with The Canyons Resort (my favorite snowboard spot) to rent my 4 bedroom, 3 bath home, plus den to 10 seasonal employees of the resort. 8 were housekeeping staff hired and flown in from Jamaica. 2 were Britts, hired for the ski school.

He said because there is a lot of damages to the house and the HOA has asked for the repair amount to be put into HOA escrow and the buyer doesn't have the money to do that.So if they need a new roof estimated 20K a new kitchen 10K they need to put 30K into escrow, and once they finished the new roof, the HOA will release 20K back to the owner, which means the owner needs to have double the repair amount to make this work, and the LA says the owner does not have money to do repair, yet the bank accepted his offer and now they are in the middle of negotiation with their HOA to sort out this escrow issue.Now I have gone through executing contracts with Fannie Mae but not Freddie Mac but I have never seen anything in any of those REO addendums that allows the buyer to work into it any special provisions for HOA escrows and I have never heard that the bank would be willing to work with the buyer on stuff like that.Is Freddie Mac basically obligated to accept owner occupant contracts no matter how much contingencies and potential issues there are, they basically have to accept those offers before they even consider investor offers or would they look at them side by side at some point?

I know there are different ways people go about closing so I will put the process as I know it.1) Find the motivated seller by whatever method.2) In a wholesale or CA lease option I would then negotiate with the seller for lease term, price, and option purchase price.3) The Option price should be close to what the owner listed it at (if the market bears it) + 3-5% option/assignment fee + Seller concessions if included.4) Execute Lease and Option with the Seller in the name of my LLC, and have the seller sign Seller Acknowledgements in attorney's office.

If one of them leaves and the other two are able to carry the lease, then the lease enures.I'm guessing if the Nanny moves out, you would have no issue - in this case, I would execute an amendment to the lease to remove the Nanny.

This has not been executed because we are holding on to the property to recover our initial losses and avoid a higher capital gains tax.

I've downsized to the point of only needing one PM and no office staff so it will be interesting to see how helpful these solutions are in a small environment.

Also, per J's comment on the affidavit, I typically don't have a written agreement with an end buyer prior to getting my short sale approved and contract executed.

Some of my clients are high level executives where their job keeps them traveling around the globe.

Or do I do a option to purchase with the wholesaler then if my buyer decides to buy then execute a standard purchase agreement then assign it over to my buyer?