Thanks for the explanation Bob! 

@Jeff CichockiThank you so much for taking the time to write such detailed explanation. 

Would you give a quick explanation of an REO - is it any property that a bank has had to take back from the borrower because they have defaulted on payments, or only certain types of properties or situations?

Could we get the forum Local Real Estate Networking broken down into 6 or so geographic areas in the US?  

I don't buy that explanation anyway.  

A complete explanation of the service is described here: https://www.chase.com/online-banking/quickpayIn a nutshell, both the tenant and property owner set up a Quickpay account.

The key is to learn how to focus on your local area either by limiting the geographical area, or adding specific locations to each targeted key word.  

I have been searching around in all this wealth of information but your explanation just clicked with me.

\,,,,the lender is just interested in the sellers income and ability to pay.In a word ,,one guy says can & one guy says you cant and I like and respect both these guys and have spoken to them many times.Both have great reputations.Needless to say this really changes the "Paint Job" on my explanation of Lease Purchase to possible Sellers and  Tenant  Buyer Candidates I talk to every day trying to do Lease Option deals and I need to form an intelligent opinion about this issue.Any help greatly appreciatedDave Doyle

\,,,,the lender is just interested in the sellers income and ability to pay.In a word ,,one guy says can & one guy says you cant and I like and respect both these guys and have spoken to them many times.Both have great reputations.Needless to say this really changes the "Paint Job" on my explanation of Lease Purchase to possible Sellers and Tenant Buyer Candidates I talk to every day trying to do Lease Option deals and I need to form an intelligent opinion about this issue.Any help greatly appreciatedDave Doyle