The price of course will include any outstanding balances to the HOA.

If the property was foreclosed onit would have been sold and she would have received a Notice to Leave.Typically there is an opportunity to reduce the amount owed on the existing and outstanding mortgage debt by doing a short sale.

The most important factor would be your income, the amount of current outstanding debt and amount of new debt you want.If you have a sizable liquid assets (cash, stocks/bonds, life insurance, etc.) then some lenders will put a lean against that and let you borrow.You want to find a mortgage banker who is knowledgeable and has access to many loan programs.Please let me know if I can answer any other questions.Thanks,Upen Patel

In short, a lot of people shun these investments but it has been an outstanding winner for us!

SELLER WILL CURE AT THEIR OWN EXPENSE ANY OUTSTANDING LIENS, ENCUMBRANCES, OR JUDGMENTS.IF THE SELLER DEFAULTS UNDER THE TERMS OF THIS CONTRACT, BUYER MAY PURSUE ALL REMEDIES AVAILABLE AT LAW OR AT EQUITY INCLUDING COLLECTION OF MONETARY DAMAGES AND/OR SPECIFIC PERFORMANCE OF THIS CONTRACT.

With respect to liens, outstanding HOA fees, or other surprises, I have access to the MLS databases and LexisNexis and can perform cursory title searches.  

Your payment the next month stays the same but less of that payment will be interest because the outstanding balance is reduced. 

If there is a surplus in the account - tenant has paid in more than they have consumed - we offer the choice of a) leaving the funds in the account in anticipation of larger bills (i.e. winter is coming); b) applying the surplus toward the next month's rent; or c) {at the end of the lease only} refunding the surplus to the tenant.If there is a deficit - the tenant's resource consumption exceeded their contributions into the fund - the tenant is invoiced and has until the first of the next month to pay the outstanding balance.Originally we started this offering with our student houses, as I refused to rent with utilities included.  

1) Classified ads in newspaper/Internet -- searching them for deals2) Called by a previous seller/developer I'd worked with in the past3) Classified newspaper and Internet ads -- writing and posting them myself4) An outstanding Real Estate Broker named Sheila Jenkins working in the Shenandoah Valley5) Driving for Dollars

I did recently make the transition and the support is outstanding in comparison to Propertyware and it is doing some really nice things for my business but I do miss some of the automated features in Propertyware.