You're dealing with RE rights which is a whole other kettle of fish.

Pricing isn't nearly as nuts to the east as it is out there.

This sounds nuts to me.

Feels like being a small fish in a giant ocean.

I grew up in a fishing community and when I was a kid everyone dumped their garbage over the rail ... many drained old engine oil in shaft alley and pumped it out with the bilge water.

But it clearly wouldn't work for us smaller fish (I'm at 23 and I am definitely smaller fish to them).ESCROW ACCOUNTSThey want all the rent for the houses to go into an account that they have access to and they want security deposits in a separate account and they want reserves and capital expenses to go into yet another separate account.Add in another 5% just to manage all the separate accounts they're asking for.

It seems to me that they are fishing for identity information.

Depending on the Asset Manager, they might let you add a name after the contract has been accepted Account Closed Yes you can just not turn in the contract, however I would not recommend doing that on a regular basis if you are planning on doing a lot of business with HUD as I believe(No proof) that I do receive bids on some of their older inventory because I do have a track record of closing on these as a Broker/Investor @Wayne Brooks I agree with Wayne that as a Broker I do not waste much time with blind offers as most of them are just fishing and a waste of time.

Please feel free to read my profile as it quickly tells a little about me.In a nut shell, as I say in the subject line, I am a newbie from NYC and I have had a profound interest in RE for quite a long time now.

"oh, how long have you lived here", "are you a tenant" things like that fishing for a answer that confirms the the owner does not live in the property.When the PI files the report the loan starts to unwind and reps and warranties kick in this means the originating lender, bank or broker must pay buy the loan back and at this point the borrower is probably notified and the loan is called due and payable immediately.