By a slight margin, non-judicial foreclosure states outnumber judicial foreclosure states.

From my understanding in my state after someone hasn't paid their taxes for 5 years the deed goes to a Judicial Sheriff's sale.

Some of these bills are monthly, others are quarterly; but, it can go quite a while longer before you, as the owner, know there has been a delinquency of payments when the bills are sent directly to the tenant and it is their legal duty, as per the lease, to pay.We have already discussed throughout Bigger Pockets how difficult it is to get blood (money) from the stone that is a deadbeat tenant, even with a judicial judgment against them.

Cost and time more than doubled.For my next property, we'll just use these lists to see what needs to be done and skip the formal inspection prior to making an offer.

Being that you buy a lot of buildings in which you both inherit dead beats that need to be formally evicted, and these properties often need complete rehab, or at least major repairs and also the fact that the units are OLD, this would really factor into higher expenses for YOU, would it not.You obviously didn't read my blog very carefully.

It seems that if those who need such services or who want to provide them could avoid all the problems if they would simply formalize their relationships.

Jon,So you think it's better to write a formal offer than to write up a LOI?

I should know, I am one.Let's see:-No barrier to entry-No formal training-Less schooling necessary than hair-dressers-Access to information that is widely becoming free and available to all-NAR propagandaBlaine, in my opinion, to be a successful real estate sales associate, you need to separate yourself from the crowd.

Good luck with the completion of your formal education.

Hi,I have heard about quick funding as i have inquired there for loan but there are a lot formalities that are needed.I dint find any thing special to be noticed in quick funding.