Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

Most are looking for someone signing up as a cash buyer with no financing contingencies in the contract. 

I checked before my contingency peroid ended, as I always do, to make sure that my lender can refi me out of the hard money loan.

People would pay 750k for a 2bd condo ~650 sq ft in Cambridge, some would offer cash with no contingencies.

. $7,000 is enough (but barely so) for a collections attorney to take it on contingency

FHA prohibits a person from having 2 FHA loans at the same time unless with a few rare exceptions, most notably a divorce where a spouse moves out of a house with an FHA loan and is no longer on the title and has a court-ordered contingent liability.

Always add 10% contingency on top of whatever they quote you.

I had a funding contingency in place, largely by chance.

An idea I came up with was to share a worker with a few other local investors, with each of us taking him one day a week to take care of whatever projects we need, and some sort of contingency if you need him more or less.