You no longer have any responsibility or wonership of the property and the overage of funds sent in by your buyer was instructed to be wired to your account via your wire instructions.

Where you could give the seller a conditional assignment of the property or if there is any additional seller debt you could a collateral assignment of benifical interest.Using a trustee and have written instructions to take care of things just in case.

Of the three most visible virtual wholesale instructors out there, I think Duncan Wierman's system is cutting edge.

Tenant understands they will be held responsible for damage to the premises and personal property, as well as any injury to Tenant and all others on the premises, resulting from Tenant’s failure to comply with the terms of this mold instruction.

TITLE AND ESCROW COMPANY: This contract shall be used as escrow instructions.

Once you are directed there simply follow the instructions. 

agnes, you are wise to read up on all the forums on this perennial topic...it can work well for some cases but create unintended consequences in others as your are already seeing ..I won't rehash all the forums chock full with good points on all sides, but a search of due on sale or llc, etc can be instructive.... 

While my background is fairly extensive, I hope to learn as well as share my knowledge and experience.Thanks,TedNY REO BrokerNYS Certified RE Instructor

I informed the tenant that if he does not remove his belongings by Monday I will instruct the marshall to come down and remove all his stuff and he will have to take it up with the town to get it back.

Escrow would also hold the original note and present it to me if the assignment is recorded.The escrow instructions would have to be clear about what’s a default, how it’s claimed, what the remedies would be before recording, and probably a hundred other things a lawyer could help you with.