I'm reading a book on investing in pre-foreclosures and the author recommends sending letters to owners in default indicating you are an investor and are interested in purchasing their property.

`(d) Insurance of Mortgages- The Secretary is authorized upon application of a mortgagee to make commitments to insure or to insure any eligible mortgage that has been refinanced in a manner meeting the requirements under subsection (e).

You statement reminds me of the many gurus who prey on unsuspecting victims.I think there is nothing unethical about it - that is what people do to negotiate.Any book on negotiations teaches to use a higher authority to negotiate - or at least the ones that I read. ( http://www.amazon.com/s/ref=nb_ss_gw?

That is the sort of stuff that tends to draw the attention of law enforcement authorities like attorney general and district attorney.

I worked for 3 years in my city's local housing authority.

I started at a low number and authorized him to go up to a specific dollar amount (in this case, it was list).

•Credit aging – Do you have a family member or a friend that would be willing to add you as an authorized user on their credit card account?

All the generally required info is there and the contents makes it easier to find the wanted information.That $1000 course is probably not necessary, (at least afaic), and bandit signs are not recommended by the author.

You will know what you need to do to convert it, and it could also get the housing authority out to the property that day or the next, which will put more pressure on the seller.This is why it's good to always stay legal with your rentals.

So if you have any questions, pm me or post it here and I'll be more than happy to answer it for you.One last tip, link back to your blog by commenting on authority sites such as biggerpockets.com and your site will be indexed into Google even faster.