I kept the security deposit to cover some of the unpaid rent, and rather than file for eviction and claim the rent that I was due, let them off the hook for about $1,000 in unpaid rent.

Get a security deposit no matter who it is that is renting.

I'd put a deposit down immediately, and close in May/June on the new home.

There is a good chance that he would pay the subs for their first 30% with my second 30% payment to him, however, I definitely won't pay the contractor any more money with the discovery of the lien on the property and the subs not paid.Fortunately, I built a big enough cash safety net for problems and the deal is good enough that it can handle this.

My hunch is that the agent and lender both believe the house has too many health/safety issues in its current state for it to receive a clean appraisal with no conditions called out ... which means, no bank will lend you money for the house until all of those conditions get repaired.So, they are pointing you in the direction of a 203(k) FHA loan - which is a special type of FHA loan for properties like this that need to be rehabbed.  203k loans include the funds for both the purchase and the repairs; however, the repairs have to be completed by a contractor.The contractor needs to go first because their bid is handed over to the appraiser and factored into the appraisal to justify the full loan amount that you'd be getting.Good luck with everything!

No Pet Rental Deposits.

I owe 65,000 on the note Property is actually worth 200,000 I'd ask 225,000 to negotiate with buyer My thought to do this myself would be to ask the buyer to put down a deposit of 65,000.

After the sale took place, escrow refunded the deposit to the original buyer, and I took some of the proceeds from the contract sale and added to the refunded escrow amount, essentially doubling his investment in one month, an incentive for leaving the escrow money with escrow another 30 days.

I found the reason why and thanked then for being good tenants for the time they were there (all good things come to an end at some point) but I use the opportunity to present my gratitude which will pay off in the long run, I also plan to return their security deposit if the property is left in good condition.

The damage deposit was no where near enough to compensate for the damages.