The seller agrees that they may not claim any interest payments beyond closing date in the amount of ___ for the tax year 2015, and that they will forward all 1098s received within 10 days.7) the buyer is under no obligation to pre-pay or refinance the existing loan in any circumstance.8) seller agrees not to enter into any agreement with the lender dealing with payment of principle or interest9) the seller releases all financial interest in the property, not limited to insurance payouts, refunds, escrow accounts, future sale of the property, etc...10) that no part of the document will be construed as a personal liability to the lender, and doesn't modify the seller's obligation to the lender.11)indemnifications, severability, governing bodies, heirs, singular and plural, voluntarily and knowingly, blah blah blah.Disclosures1) Defined the exact nature of the transaction, purchasing the property, not an assumption, lender does not consent, etc...2) We stated that the lender WILL find out, and the risk was not in discovery, but if they decided to accelerate the loan.3) That the buyer could lose all accumulated equity if unable to prevent foreclosure4) That without a formal payoff that the Buyer is taking risks that the loan amount is what it appears.5) That the seller's credit rating could be affected by a payment default6) That, in the event of foreclosure, if the seller wanted to protect their interest in the property they would have to pay the full amount to the lender, that that a foreclosure by the lender would leave the seller with no recourse against the property.7) That the seller may be held personally liable any moneies resulting from a deficiency judgment if the lender didn't recoop their entire balance at foreclosure saleAlong with some other legal mumbo.

I'm not saying learn graduate level RE subjects, I mean what any RE agent must know to get a license, that is a basic education.Do not do wraps that combined different principal amounts, interest rates and amortizations unless you have been properly educated in a formal accredited school or professional institution or by some government agency, no guru teaches this, it's beyond their scope of technical knowledge, no investor, no mentor or coach does this properly without this level of education.

I let the judicial system work through the process.

I haven't taken any AP cases where title was actually contested...the difficulty was merely presenting sufficient evidence to the Court for a judicial determination of AP.

Larger management companies are more likely to have a formal protocol where you send or fax them the questions.

The nice thing about OPM is that, as long as the source isn't a formal bank or at least the same bank, I can perform more of these transactions because I'm spreading the risk across multiple entities.

Do something like 49-51% formal.

Many (if not most) mortgage foreclosures (judicial and non-judicial, such as trustee sales) are buyer beware, all cash auctions where title insurance is not available. 

The plaintiff has a high burden to show that the defendant did not respect corporate formalities.  

As to accountability, there is the judicial branch.