What’s the best way to go about protecting myself when doing a SLO? I know there is no way to completely make one’s self risk free, but what’s the best way to protect one’s self and leave room for only worst case scenarios?
Thanks in Advance.
Maybe not the best but have a memorandum of option between you and the seller.
Also have your agreements with the seller twice as long as the ones between you and your tenant/buyer thus giving you 2 attempts to get it sold.
One more do your due dilegence on both the seller and buyer and have a loan servicing co. pay the mortgage of the seller.herbster