Not the first time this question has been raised, so go to the link below where it has been addressed:http://www.biggerpockets.com/forums/103/topics/42961-preliminary-hud-1-net-sheet-

You can do preliminary work at the courthouse but there are a lot of things not recorded at the county or not properly recorded.

Title Company will see address of the house, seller's contact information (in case parcel number is needed to do the title search) and upload the title search report, indicate if the title is clear to go or not, and preliminary title commitment and save".

I would dare wager that if you are only selling to institutional buyers that you would not have a problem brokering notes in any states.

Paid off mortgage.Owner had 4 kids, two are still livingthe 2 kids that died have living kids.Im in Texas.I know I will have to eventually get a real estate lawyer to figure out all this just trying to get a preliminary idea of what I can expect.Thanks.Nick

They do a lot of preliminary work in finding the deals, setting up the end users/investors, and they do all the purchase agreements for all involved.

This project is in the very preliminary stages and I am still in the process of deciding exactly what it is I'm planning to do.

Monthly net income can be used for preliminary screening and qualification.

Overall I have a buy and hold, although I have studied flipping.The answer to your question, why the mid-west, is based off of preliminary information I have gotten from publications such as Realty 411, it is possible to buy a property in the mid-west for as little as 5,000 or 10,000 and actually have a positive cash flow.

I think it's always a good idea for investors (and realtors) to know how to do "preliminary" title searches (PTS) to know if (or confirm) a particular property has equity or not.