There is always that outlier...that one rogue bank, that one rogue person, but for most, if not all financial institutions engaged in banking, they don't work directly with end buyers on REO property unless that end buyer is a fully vetted, institutional buyer, and usually only with bulk sales.

I was curious if anyone knows a good Deleading Contractor in Massachusetts.

HELLO,I WAS WONDERING IF THERE ARE ANY INVESTORS IN THE SPRINGFIELD, MA AREA.

Similarly, financial institutions, realtors, and your landlord do not need to be licensed.

An institution running on razor thin margins = no wiggle room to chip away at.

It's done all the time in the institutional world.In your case, you have in-place debt that you are not looking to pay off, so the biggest concern here is lender consent for the recap.  

My name is Tyler and I currently live Boston MA.

My conversations with a BofA broker/agent mentioned that I can NOT use any funds as a down payment if they cannot be verified to have had a 60-day history within a financial institution.

@Frank Ma - Age, condition and mechanical details of the building and what that means for differed and future maintenance:  flat roofs, central chiller, age and condition of ac units, etc.What is the unit mix and is it appropriate for the area?

I found what I think is a good deal and was hoping to get some feedback from the community.It’s a single family home in MA located in zip code 02780.