REO deal closed, advise on finders fee..

[John Meza]

I have located a REO. It's a great property in a great area and negotiated to purchase it at 50% according to comps. I wasn't able to purchase it due to the fact I was short on EMD. I passed the deal to my buyer, whom I was going to wholesale it to. I sent him my buyers fee agreement. The buyer stated he would pay less and not sign the agreement. In order not to lose the deal I agreed for lesser fee and unsigned agreement. They bought the property. I have yet to speak with the buyer. The buyer did say I would be taken care of. My question is, can I put a lien on the property if the buyer fails to pay my finders fee? If not, any advice?

[Wayne Brooks]

1) You have no written fee agreement. Why do you think you could lien the property?  Also, liens are for unpaid contractor's work, or with a judgment of some kind.

2)  You're trying to collect a fee, which is probably an illegal fee in your state.