Generally, the trustee has the authority to assume (continue) or reject (cancel) the agreement, making you an unsecured or secured creditor for any option money already paid.

We are a ways off from Social Security age.We have not decided where we may move, but have been thinking about the Lake Isabella area.

Hey I’ve been doing the Bandit Sign Method for a while and have gotten a few calls but have not yet closed on my first deal .So now i want to change my stradegy & Start the Cold Calling Stradegy Method but don’t know to much on how to / where to find Sellers to call ...

smells shady to me, however the the fact that he wants to put as the leasse wouldn't concern me so much since would put his name and the LLC on the lease and you would take his personal social security # to run a background check either way, but the fact that he told you that he is planing to sublease it that a red flag to me.

Get a lawyer to draft a 2nd position lien secured by this property. 

Lenders who have posted here care to comment.See belowLimits on the Number of Financed PropertiesIf the mortgage loan being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of other properties that the borrower will have financed.

And you'll need a deed of trust to secure the note to the property. 

And balked when I included normal verbage in the PA that the security deposit $XXX and pro-rated rent would be turned over to me at closing. 

IF there is a recession not having the house of cards that is debt will put you in the most secure position, however just having the ability to purchase will probably be enough because in a recession sellers would have a harder time selling properties and in a true recession you wouldn't have an absolute ton of competition from cash buyers like the case is now.

The condensate drain found four different methods to leak all of which were the fault of the installer...