Hello,I have a relatively large network of people that would likely be interested in lending money against some of my projects.I've previously funded all of my properties with cash so I've not gone through this process before.My lawyer is taking care of providing me with generic mortgage and note documents.

Sounds like it will be cheaper for Cali flippers to band together and lawyer up.

If you have questions regarding the legal impact of this kind of agreement, you certainly need to take the entire agreement to a loca lawyer for review.

With the closing scheduled for this week, the wholesaler tells me there is no green card that my lawyer is asking for.

Your lawyer will be sure you do it right and keep your freedom.If you are going to invest money alongside your investors you are entitled to earn the same return on your cash that they earn on theirs.

Realtors/agents/lawyers can all be there too, but this seems like such a faux pas.Am I wrong?

@Jon Holdman  department of real estate in most if not all states do not get involved with EM disputes.. if the EM is at title.. then simply do not sign the release.. money then is stuck until buyer and seller finally agree.If they never agree the title co. interpleads it to the court for disposition.. then both parties have to hire lawyers to go to court and argue who should get it.. its at that point both parties ( for the average 1 to 2k EM realize legal cost are greater than the money they are squabbling over and agree to split it... that's whats usually happened in my deals.. but like you say if its released to seller.. this is a tough one unless you have disclosures docs signed by seller that are simply untrue and should have easily been known.. problem again is with em the cost to hire attorneys does not justify how much is at risk MOST of the time. 

Not a lawyer..

I see you're in CA, I'm also a member of the CA bar (lawyer)...

@Jon Pool you really need a lawyer to weigh in on this.