How would I approach this transaction.

One of the main reasons I'm part of the forum is to get some info on how I can find ways to list REO properties in Michigan, since we all know that in this market,(specially Michigan) the main transactions are in foreclosures.

You are paying a third party for the consummation of a real estate transaction.

So far I am reading all the book in real estate I can get my hands on.

In the book she said some like setting up LPs in other states and you can do business in other if you connect them.

I recommend you do some reading here, and maybe a few books.

In general, Real Estate Agents are not equipped with the knowledge or skills to do these transactions...you need to look hard to find a good one that can.dave

Moya's lawyer may find something in the law books to get him out of it (like waiver under sick company, etc)

You'll have to actually come up with the financing to buy the house, then turn around and sell it in a totally separate transaction to your end buyer.

If the closing is similar to a regular house closing, could I expect or try to negotiate any costs into the final price and you said before the title contingency is not necessary (of course an inspection though) -- is it automatically included as the bank had to do this anyway when they assumed it on their books?