LEON GOUSMAN,I'll be at the next ctreia meeting, this coming Monday evening.For more information, go to www.ctreia.comI won't be able to help you concerning a Short Sale, as I've never done one.Raymond

We are mainly concerned about not getting the list that we want.

Looking through other threads on this subject, I see I have my work cut out for me in the Due Diligence department but it looks like a great learning experience for me.

The renting part is what's causing me more concern & nerves than anything.I have some more details but I don't want to go overboard - this is my first post.

Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.

The age of the home is not a huge concern.

You need to check with your state laws concerning the matter as over charging can create hefty liabilities for you. :)

The Buyer is concerned the Seller may sidestep their agreement altogether, going with another offer because the Seller believes the lack of deposit relieves her of any obligation to the agreement.Initially I thought that with no deposit there is no "consideration" thereby making the contract unenforceable.

I can cut down and haul away anything I need to.

I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage broker who originates secondary market loans for a NOO transaction.