How cool.Well, It's because I was seen as a player, a closer (meaning I close on deals I put under contract).I said, "I didn't know you owned a building" and to that he said "yes, it's the building with two - first floor retail spaces and 9 apartments on the corner".Dang, just what I love.

Some who are major players doing big stuff.

There are a couple of things I like about them but one of my favorite things is that it allow me to control if I will allow partial payments or not.

Most of the reason I got into RE is because I control the asset.

Your investment is secured by the underlying property. preREO is a new, very creative and now proven format for local real estate investors to obtain control of a property before it goes to REO where everyone will have access to bid and drive up the price.

There are too many factors that you cant control .

It's a way for them to maintain control over their material and keep their audience intimate. 

That's not everyone - some legitimate players may just be short on cash because of projects (I've been there) - but it is a lot of people. 

I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.

Common misconception that the fed funds controls mortgage rates but that is not how it works.