Forgot to also Mention although I prefer to unload my REO's via bulk sale for less money, I have no problem getting rid of them individually however I would probably look for a larger spread.

Costs me nothing but she's pleased.Now I do like others have mentioned and keep the property in excellent condition.

There was no set timeline (should have been a 6wk project, now 5 mo and counting); the budget was mentioned to be about $30k, but was not itemized and was subject to change...but if this man abandoned the project or otherwise caused harm to it, my friend was entitled to quit claim him off and finish the project himself.

For a family with limited savings having to pay a partial months rent for a month you've already paid, a new security deposit you didn't expect to pay and moving expenses you didn't plan could be devastating.Not to mention these situations make for great press to talk about terrible real estate investors skimming rent.

I just saw an article on CNN today and it was the first time I have seen a major news company mention the "D" word.

You mention only having $5k for a down payment is another reason why you like this deal.

I know this is an old post, but I'd like to give my $.02...These locks are great for new homes and rehabs like Joe mentioned.

(Hat tip to Dave at SSBlogger for mentioning this site, it was an old post, but I had just read it yesterday) I've been in Real Estate for over 10 years, in the Title Insurance industry.

Hey it works for you good I still think they are way overrated and there are surly more effective ways to build a buyers list than bandit signs.By they way Andrew you point where you mentioned if it wasn't for us wholesalers giving code enforcers jobs and promote illegal activity is just plain wrong.

On the flip side, the auto industry does support a lot of other businesses (not to mention a state) and right now, is that collapse something our economy can handle?