On a plus side for you developers, we are exploding with authorizations for new geotechnical studies and ESA Phase 1 studies so far this year at my day job.

I handle the actual negotiations with the banks.Hello;I would like to know if a homeowner agrees to sell me their home during the PRE-FORECLOSURE stage and they sign the authorization to release form for the asset manager/bank, Can or should I indicate that i'm an investor looking to purchase the home or do i indicate otherwise?

Consider too taking someone over their limit from an open authorization for rents that can be paid a few days later.

that is some leverage you may have over them..most lower income tenants don't care if they're evicted...however, if you report her to the sec 8 authority that you're evicting her for not paying her portion, they may take her voucher away..that could scare her into straightening up and/or getting out of there asap

You have power of attorney and limited power of attorney.They shouldn't need to give you either in this situation.All you need is an "Authorization to Release Information" form signed by them with your contact info on it and then YOU fax it in to the appropriate department.

Or like the others said it may be wiser and safer to involve the authorities for this one....Either way let us know how it turns out Joel....Godd luck,Chris

The movers handle the contact with the authorities.

I disagree about the charging the upfront fee makes a serious buyer.I can't tell you how many scammers I have seen in the commercial lending arena.I can say one problem lenders face is they get a package submitted to them and then give an LOI.Then in due diligence the buyer finds out the income levels and returns were not as stated.Now the lender wants a bigger payment down from the buyer or the buyer has to get the seller to reduce to the actual proven numbers.The deal falls out and the lender made nothing.The way to solve this is submit a detailed and verified package upfront.This way you know the numbers you are sending have been verified.Lenders site confidentiality etc. when doing loans so you can't verify other properties they have closed.If lenders state money has to be in escrow or a deposit have YOUR attorney hold in an account the lender does not have access to or authorization to.This way the money can be shown to be there and earmarked for the purposes of the loan.I am telling you these scammers will do anything to separate you from your money.I know some deals I wasn't involved in where the people chased the lender for 6 months to get back 500k.Do not let lenders PUFF fees.If they say they have to pay for appraisal then tell them you will pay the appraiser directly.If you are a legit lender and you make money when you close a loan you should have no problem with this.If however you are a fee generator mill and you hardly close anything or a point taker with upfront fees I can't tell clients to work with you.Some point takers take money to submit apps knowing the lender will not close or that it's a sham.They usually charge a small amount upfront to entice the victim.Usually 500 to a few thousand.

I am in the process of meeting my very motivated seller this week and I would like to know if I will need a letter of authorization in this potential deal, which contracts to use if my buyer will be taking over the exsiting payments, and how should I price my assignment fee.

You’ll need to find the heirs, or at least someone who has the capacity, power and authority to transfer title to you.