I've learned to NEVER get tied to any specific house, since the chances of buying that house are very slim.If you REALLY want this house, find out how much is owed to the bank and pay enough so the bank can be paid in full.

Very good advice above....tie it all together!

It is only policy adopted by the local association of realtors and not in any way tied to state law.

As a wholeslaer, I know that I could use my own proof of funds to tie up a property.

It is a testimony to their way of doing business that pulls them through, stronger than before.

I dont have my own proof of funds or LOI. or earnest money deposit to tie the property up to market it to my end buyer.

This compensation scheme tied in beautifully with the loan securitization industry because a lot of the more complex collateralized debt obligations were very hard to value.

It's decent money, and an industry that won't be going away any time soon.2) Evicting people, or having to be strict with everyone because you never know who's trying to take advantage.3) Yes, but I don't think it should be tied to a real estate sales license as it currently is in most states.

I've been tied up all through December, and have been waiting for the banks to unload the Jan. foreclosures.I've been working with Shawn from Networth Realty in Houston, which is a wholesale brokerage, and they have provided me with excellent service and unparalleled advice.

Maybe the investor had a stronger offer - CASH AND A TRACK RECORD OF GOOD NEGOTIATION.Just because an offer is submitted doesn't mean a seller has to submit it and there is a rat.From what I can see unless she had a signed p&s, this is all completely normal.