I am not an expert nor do I know the legality of the Fha loan but if the bank is receiving their payments on time I can't imagine them pressing the issue.

Rehabbing is a fantastic way to make a living, but this stuff just isn't as easy as they make it out to be on TV.  

Sell the BMW... sell the Rolex... sell the big screen TV that you just HAD TO HAVE!!!!  

Okay, maybe I watch too much TV and then troll the forum.

Certainly a strategy, but not one I would apply personally.Lastly, with the high exposure that trustee sales have received in the past 3 years and all the flip shows on TV, there are so many rookie investors out there who pay more than they should and this is just another reason why the spreads are thinner, not only at trustee sales, but at MLS listed REO's as well.

When someone is charging top dollar they should be providing more.I recomemnd the books on LLCs and other entities by NOLO Press.

Perhaps I should fire up the printing press.

Yes he is and he reminds me of those blind monks on the Kung Fu TV series :mrgreen:

Angel Perez That's why its strange when I watch that TV show "House Wars" (or "House Battle"...can't remember the exact name).

At that time you can sign it as is, refuse to sign it at all and go elsewhere, or modify the agreement with what you want and negotiate with the brokerage and then sign an amended agreement.If the brokerage has an early cancellation damage clause and you signed it you will be hard pressed to recover anything from them.