For my retail properties I always look to see if there is at least a 3/2 option for a new prospective family.

I was wondering if this happens to you, or if you actually think they have a real prospect for the property?

The purpose of my post was to attract others who are prospecting for, marketing to and working deals that fit these and other scenarios that result in a property that is vacant because the owner demonstrates no interest.

For a flip, it's a definite eye catcher to a prospective buyer. $ well spent.

I'm just turned off by the prospect of having the loan go into default and then moving forward with foreclosure... though, I hear some people get into debt deals hoping for that to happen.Perhaps you can't really generalize, and must examine deal by deal...

I disclosed it although I didn't legally have to, I figured the same neighbors would run to share the story to any prospective buyers.

Well, the prospect emailed her last two months of bank statements, and it immediately answered one question - why would she want to drop a house that she owned, and go back to renting??

Anyway, I think I'll keep drawing credit reports, at least this time around... it gives me something familiar to refer to, and it's a piece of data that has not come directly from the prospect!!

I'm pretty sure all local banks will be closed by the time I can ask a prospect for a deposit.

What companies do you all use to check prospective tenant credit and why?