That extra investment cash flow is really going to Pinnacle Kids Academy at close to $1k per month to care for my boy who can't stay with his Alzheimer grandmother.I'm simply trying to better myself and family's financial disposition.  

When did you report the disposition of the rental?  

Have a lawyer write an agreement and include a clear date for sale, include the disposition of possessions in the house if any.

How will the money you receive be utilized - (How much will you need for acquisition, closings costs, rehab, maintenance, marketing, disposition etc).

I've also done JVs with investors where they fund the deal and I do the "heavy lifting" from selection of the note to final disposition, and this works out well since it is essentially a partnering arrangement.

It's easy you call and get the contact info.You want the OREO department.At the bank the title of the person will vary.Special assets manager,VP disposition,default credits manager etc.Depends on the volume of deposits they handle and asset class percentages of loans on the books.Good luck

I came in and like a corporate radar saved most of them or some other disposition.. and these same kids who were very good.. became my door knocking team for years..

If you have no track record, its going to be very difficult to get in with local banks and past their current REO disposition system.

I say get a deal in contract with lots of exits in the disposition.

First thing first, regardless of the future disposition, you need to purchase and own a loan.