Being that their was a paper on the window of the property that said this was a BofA REO property I called BofA and spoke to a REO specialist.

Agreed, whats on paper is entirely irrelevant to how they really are.

(I make mistakes when I get to worked up and make offers that are to high) Monday called the realtor to get the paper work ready and make the offer.

The paper work is a PITA though.

So my results have not been tried by fire BUT...instead of using a standard yellow letterI have been using yellow notes...Small note pads (5x7) that give a more personalize feel.I quickly sent out 17 letter the other day and the next day 7 people responded.For the experienced investor that maybe old news but for anyone using the large paper, try the note pad.Good Luck,Demetrus

At Staples, they are cheap to buy, maybe a buck or two, and they have a clip to attach to either a collar or shirt pocket, with transparent plastic surrounding the name inserted on paper; Staples also sells ones that have an elastic lanyard to be worn around the neck.

I think it was Warren Buffet who said when asked about his losses and responded with something like "it's only on paper".

Seems middle age tenants are used to playing the float and therefore prefer paper checks.

I am thankful to have a place to "practice" on paper without the money mistakes.Thanks!

A quit claim may not be worth the paper it's on.