I wrote an offer on an REO property and when reading the "Corporate Addendum" I read this sentence, "Seller reserves the right to cancel or terminate the contract if Seller does not net at least $1.00 in proceeds on the HUD1/Settlement Statement." I have gone up to hours before closing before I got the HUD statement and so in reality the Seller could pull out hours before closing and the Buyer lose all of what they have put into the deal(inspectons, etc). Anyone come across this in buying/selling REOs? Any suggestions?