Could I get myself into trouble if the  market decides to take a turn for the worst would I be essentially left without a paddle?

The oil and propane tanks are about $200 shy of fuel from when she moved in.

Miguel "Mike" Perez Actually their prohibition on short sales to family members/related parties is purely an attempted safeguard to avoid "sweet heart deals" where they may get less than market value, and if it were allowed it would also encourage many to try and get rid of part of their loan balance by simply running it thru a family member in a short sale, and essentially retaining the property.  

Our oil patch tenants are drying up. 

Hi Vanessa,I've never heard it explained that way, but I guess that makes sense, since you are essentially using your buyer's funds to fund your deal with the bank.If you have a title company who has done these before, then you should be good to go.I wanted to clarify that the bank's title company will be emailing everything to your agent, so just be sure to tell your agent that you wish to sign everything at YOUR title company and ask for all of the closing docs and wiring instructions be sent to your contact at your title company.I don't explain the details of the simul close to the agents or the bank's title company.

Any senior liens remain in place, and the buyer essentially gets it "subject to" the senior liens.

They care about getting their money NOW.Understanding these differences is essential for a wholesaler.

This is the same reason that the oil commodities which were increasing due to speculative demand pricing could not be sustained by that actual demand of the slower economies and the prices deflated to the current prices.I do not doubt that there will be some inflation, yes.

Many of these are doing mortgage brokerage part time now, along with selling such other services as credit repair, annuities, gas and oil well participations and weight loss products.

In the same way as flipping a couple of heads doesn't make you a great coin-tosser, making money on these strategies does not show that the strategy itself is useful.Your strategy, essentially, is a combination of two things:1.