You will always be liable for performance if your end buyer/assignee fails or seller fails.

and have a gorgeous and very smart wife and two beautiful daughters that I hope take more after her than me!

The future belongs to those who believe in the beauty of their dreams." ~ Eleanor Roosevelt

You picked one of the most beautiful villages in the state to set up camp.

She is very reasonable and proactive when performing tax returns.

Sometimes it works, sometime it costs you more.The BEST way to know if you have a good deal or not, from a return perspective, is to compare the financial performance of a property to your personal investment criteria and requirements.

Extending beyond one day puts “B” at risk of owning a house he or she can’t sell and owing you on a loan they might not be able to perform on.

Buyer agrees to use best efforts to pay off existing loans that are in sellers name within five years of close of escrow.)Protection for the sellerBuyer will execute a quitclaim deed back to the seller, which is held in escrow unrecordedHow to protect the buyer in the chain of title and potential future creditors of the seller.For the buyers protection a lien of some percentage (I like to see at least 20%) of the purchase price in favor of the buyer executed by the seller will be recorded a "Sellers Performance Deed of Trust" The buyer will appear to be a juniors lender for public record purposes.The seller is protectedFor the sellers protection a reconveyance of said deed shall be executed by the buyer, which would be recorded in the event of a default upon request of the seller, which remains uncured for sixty (60) days upon written notice of default, has been mailed to the buyerThis would allow the management company to unilaterally remove buyers cloud on the title by using the pre-signed reconveyance if the default was not cured as outlined.

As for as non performing notes, I don't see it slowing down because of the DF act.Joe Gore

Reputation matters to these agents and if you get a rep as a guy who will take product and perform on contracts that can make you money down the road when he slides you deals first.