This isn't an emergency if there is a clear head in his corner.

Just to be clear, none of the above is legal advice, even the advice to get legal advice ;-)Chela

@Tom Gimer  just like buying with Auction . com once you have an accepted offer you CANNOT change vestings even though I have bought ( well lets say a bunch of them off of this site) I have to follow the rules and I don't like it because I like to change entities occasionally as funds clear up in one LLC... 

Okay so bad news, the land this seller has needs a lot of work as there are huge boulders that need to be cut into in order for it to be suitable to build a property.

I look at Bitcoin as betting at the black jack table & real estate is a real investment that i feel i can make calculated risks with. 

Lenders simply give the "clear to close" letting all parties involved (buyer, seller, agents, attorneys, title rep) know that a closing can be scheduled.Your agent will be responsible for vetting your buyers to make sure they have a pre-approval and can even ask for proof of funds.

By this time my file went for Clear to Close review (CTC).  

Chase just sent me a credit score of 800 and a limited appraisal of 475k on my residence, which is owned free and clear.

I will touch base via a BP forum when I get some clear vetted direction. 

I would steer clear of hard and fast rules like the 70% rule in general, they are too broad and don't work in a lot of markets in Southern California for example there is no way you are getting a house at 70% ARV -expenses unless it is off market and you are comfortable taking advantage of someone, or maybe raw land.