“Lenders are becoming more agreeable or accommodative to short sales and other foreclosure alternatives because of the increasingly lengthy and messy, really, foreclosure process,” says Daren Blomquist, RealtyTrac vice president.

I'm just wondering if that lengthy of a lease would evercreate a legal issue in terms of complexity as a basisfor a tenant claiming they didn't know so-and-so clause waseven the lease (i.e. like no pets).

Some states have lengthy foreclosure processes.As a seller I do not want to finance someone with nothing down and on top of that pay all closing costs and then the buyer has no reserves to fix ongoing repairs with the property.Now I can spend months or longer getting the property back at occupancy and repair levels worse then when I owned it.

, purchased a note on a hotel, foreclosed and repo-ed on the owner, and a lot of other things that are too lengthy to go in here.I'm planning on utilizing the hotels' resources (ie.

If the customer doesn't have an architect or the ability to create plans, I will give them a design proposal bid which includes the cost of the plans and the total target cost of the project.If we're talking about an "In place" project, I will take every possible measurement and have a lengthy conversation about ARV and fixture/trim expectations, then go back and do a line-item detailed bid for the project that includes ALL materials, labor, fixtures, etc... noting that we're working on brushed nickle, chrome, or what have you.

.); ii) We have almost reached an informal agreement on price with seller, although he is reluctant to sign the contract, take the property off the market and carry through the purchase process thinking that FHA is lengthy and not guaranteed on this property, and in the meantime repel all those cash buyer, although the property has been sitting on the market for almost 2 years now!

Short sales are a lengthy process, even in the best of circumstances.

Hey Brian watching your journey really helps rookies like me, while reading I put myself in some of those situations and wonder what will I do when it's my turn......I just built my first list and will begin my DM efforts in the coming days....I'm interested to see if that short sale led you have turns into anything......I worked in Loss Mitigation at a previous employer and I've witnessed and taken part of the short sale process....I would definitely look into that option....although it can be a lengthy process (FNMA) you can sometimes get a good dealMy 2centsGood luck dude

. :)Bill Gulley - the lease length is moot with respect to DOS in the OP's circumstances, because the landlord also granted an option; the granting of an option is sufficient to trigger lender acceleration under DOS.

I have this long list of questions to ask that I've collected - it seems too long and lengthy, honestly.