If institutional investors purchase these properties, they will have huge problems with scaling an operation to renovate these and if they sell them off one by one, they will most assuredly be selling to investors that are not aware of the conditions of the properties they are buying.Here is an article from HousingWire just yesterday, that we were a source for, pointing out the problems with large scale REO to Rental sales.http://www.housingwire.com/news/morgan-stanley-calls-rehabilitation-vital-reo-rental-success?

Are you trying to do a traditional refinance or a loan mod?If

Allow them to "make it their own own home" by allowing some property modifications, within reason.

Therefore, not all their decisions make the most sense, but ones credit score is a vital part in obtaining good financing, especially at a young age.

This is information that is vital and should be in depth and detailed to allow for the best decision possible to be made.

Verify that the repairs listed are all that are needed to sell it and that it will only cost 13K.After determining your own estimates on these two vital numbers, then you can make your own determination of if its a deal or not.I would recommend buying a rehab project in a normal market at 70% of After Repaired Value minus repairs.

Robert,I agree that any sale that eradicates a non-performing loan will help speed up our recovery.I whole-heartedly believe that the sale of non-performing notes, short sales, and principal reduction loan modifications are the only true solution to our current problems.However, I have issue with one part of your post:It will not materially deter acceptance in most cases.It is my opinion that this would deter acceptance in many cases.

@David HendrixHaving the right property manager that caters for the particular area and quality of tenant is vital and also worth every penny of the 10% most will charge.Lower end areas would require for collection to be door to door.

Fake Camera's - After placing a handful of GOOD ACTIVE security camera's in the vital area's, you could place fake dummy ones that match the real camera's and just install them all over the place.

But you sacrifice all the customization of the guts of the home. which is vital to having a solid home for the next say 10 years.