You are to be commended for seizing that brief window of opportunity, and also for debiting my account $30 by way of penalty for the inconvenience caused to your bank.

Do a search for SDIRA and read the threads and articles here on BP.That will be a good start.They can move to a SDIRA without the penalties and invest in real estate.Happy hunting.Chris

Options can be done, every real estate sale contract is an option, it is an agreement to purchase at a later date, the difference is that an optionee can usually walk without penalty, a sale contract usually has a penalty for default in specific performance.

This is a grey area but the penalties are quite onerous if your account is flagged.

Now we are left with the BIG TABOO 10% penalty.

If you do not have the license and advertise to those in preforeclosure, I believe the penalties are $5,000 per advertisement (think each direct mail piece) and up to 3 years in prison.Pretty much no one messes with preforeclosures in Maryland because of this.

Also, I can't set up the penalties for bringing extra people.

When a lender extends a loan to a borrower they draft specific wording clearly stating that the borrower cannot sell or transfer the property through a lump sum sale or any form of installment payment without paying the lender in full with all accrued interest and any Pre-payment penalties etc The wrap around and the subject to were never legal ways to transact anyway Most sellers doing so like many have said in here are desperate because usually there is no equity - and many buyers doing it are broke but desperate to get in the game Desperate people do desperate things and when one payment is missed and the bank starts investigating the entire structure is unraveled

Similarly, you could show you would withdraw from your plan with penalty and interest in a short period of time. 

Filing for an eviction, late payment penalties, etc. serve to do that.