That explanation will arrive to him from my attorney, as soon as the situation arrives.

I invest in the Pittsburgh area (not REO's) and the best advice I could offer is to limit the geographical area to a workable distance.

I would be up for a new group that invests in the Midwest (particularly Nebraska) even if the members were spread out geographically.

I politely listen then put in my hello, here's what I do talk, followed by the inevitable 5 minute explanation of how in the world I can make money selling tin cans.

I am not sure if this belongs in the "Bulk REO" forum or not.

I know that there is a single bank (a large one) that is listed as the current owner of quite a few properties in a very dense area. Many of these propert...

The moderators persist in deleting my posts without explanation or commentary.

That's my only explanation...

I do think you are doing the right thing after the explanation.12k for your first deal?

The whole thing seems like a scam to me on so many levels -1 ) The "arrears" are listed as a single line item on the bill with no explanation of how they were derived2 ) We have never ever received a bill for any of the previous years (except for last years fee of $60)3 ) There are no minutes or any information about their policies or decisions on thier website4 ) I googled the "directors" of the homeowners association and they appear to be property investor types rather than local residents5 ) My wife was 13 when she received the land - whatever she signed (almost 30 years ago!!)

We have turned people off from advertising on the radio (even when we could have easily made money off of them creating an ad) because of geographical issues.