You need to read and understand the disclosures made to you about agency.

Try to limit the # of contingencies in the offer.Cash offer with quick closing may help, and a hefty earnest check (maybe 10-15% of the amount) will show that you are serious.Full disclosure Ingrid: I have yet to close my first REO deal (not for lack of trying) so my words are for encouragement more than expertise!

Thanks for all of your advises, it turns out this agent is in the middle of quitting (or being fired) from the current broker and getting in to another; he has been sitting on doc for over 3 weeks (mostly basic REO disclosures that needed to be signed and return to selling agent) that he didn’t know how to pull them out of Windforms (Realtor Online Contract data base); asked seller’s agent questions about them over and over; lack of REO knowledge (REO Specialist printed on his card) and couldn’t care less for his last few clients…Relayed the facts above (with a little help from the selling agent) in addition to the tangible misled evident to my agent’s boss and got only 18 moths worth HOA fee ($810) credited.Yes, another rookie’s lesson learn; just didn’t think he would be that much out of line for a major issue like such; considering he’s a 72 year old guy with shallow ethic.

Just control the property to present to your buyers based on the information you collect (ie . sellers disclosure) or get someone off craigslist.org Pay them $20 to take pictures, video the house, and complete an inspection sheet..

From everything I read, if I wasn’t actually working in real estate, it was better to let the license go … less disclosure required when making offers/buying investment properties, etc… Boy was I right about making back the investment to get the license!

Only two. 6) never volunteer owner disclosures at the point of contract even though it's required by state law.

Also have seller sign investor's disclosure notice.

A hypothetical for the group...

When applying for funding, do you disclose all assets?

Full disclosure 2.

There may be other disclosures you'll need, too, such as a truth in lending disclosure.