The problem with non circumvents is there is often times chains of people and points involved and little value is being brought to the table in an actual transaction.On commercial listings generally what happens is a buyer contacts the listing broker.Later down the line the buyer never tells about the person they have been working with.When it gets close to closing this unknown person tries to junk up the deal.In our first point of contact the buyer has to sign a statement that they are not using any go betweens and any money promised will be between that person and the buyer.In this case the go between would have to try to go after the buyer after closing.It would just be better to assign your interest for a higher amount then add in these points etc.The point are the first thing attacked but instead if you are the buyer they have to pay you to get the deal.

(bank/cash flow statements).

MichiganThe Costs $50 for normal processing ( ie no rush formation)Annual statement cost $25

You need to provide bank statements from the person and a letter says that you will not have to pay them back.

If they want more proof, then give them a copy of the bank statement with account numbers and confidential things blacked out.

I didn't phrase my statement very well about the likelihood of being sued.

I also had him send over the 2010-2011 income and expense statement with the EOY projections. putting in an imaginary %10 vacancy rate (though it doesn't seem like anybody is going anywhere), plus 696 in made up expenses (I counted the lady who would manage in exchange for free rent plus 386 for...something) and the NOI comes out to be $20586 per year.

It is a statement that lets people know what you do and invites them to engage in a discussion with you if it is of interest.

Or, the judge may declare the whole deal invalid.Not to mention, the lender can come after you for fraud because you signed a statement saying the sellers were receiving no benefit.In a short sale, sellers leave or you walk away.

If the lien is PROPERLY placed on property, then it needs to be satisfied before it will be removed (or if nobody acts on it, it may expire after a certain period of time - like 5 years....)As to the release from liability statement - that is probably meaningless as to the other unit owners.