Besides, the REOs I have seen specific terms in the contracts preventing switching buyers.

Now there are some expensive repairs that the house needs: DETERIORATED LEAD BASED PAINT ; EVIDENCE OF MOLD ; REPLACE HEAT PUMP ; REPAIR PLUMBING ; REPAIR HVAC DUCTWORK ; REPAIR SIGNIFICANT CRACKS IN FOUNDATION ; CORRECT GROUND GRADE TO PREVENT WATER INFILTRATION ; REPAIR FRONT PORCH STEPS ; REPAIR WINDOW Just wondering if this would even be worth considering.

I learned from it, and I can tell you it will never happen again, but I am not blaming the other party, just myself for being to inept or trusting to prevent it.In this case, yes the economy would be slammed if they went bad, but just like with Gas Prices, I think it might be good for us.

Jon, I'm not sure if the "language barrier" ;) is preventing me from making myself understood, or whether this type of arrangement really is unknown in the USA (which would surprise me).You mention an "investor", but I'm not proposing having an option to purchase as part of the arrangement.

I'm 25 ....I still feel like money and self doubt are preventing me from taking the next steps.I am one to over analyze new things.

If you MUST use particle board to save $$, after they go in, run a bead of clear silicone over every single joint (do this for bath vanities too) to help prevent any water from getting to the particle board.

Use due diligence and memorandum of option when Lease Purchasing When Buying to prevent Seller from adding liens.40.

I wanted to start do short sales in NYC and then sell the properties to investors but I am still a little confused about the rules. If I was able to get a bank to agree on a short sale, is it true that I would have to...

As you can tell I had a bad experience at my first company, but just checking online about the company & the BIC will help prevent ruining your reputation by associating with the wrong crowd.

The organization called Twin Cities Habitat for Humanity Mortgage Foreclosure Prevention Program (MFPP) for example is one of the organizations that assist people facing a mortgage foreclosure hoard their homes.