I'm specifically interested in learning how to land a pre-foreclosure deal, but I think I need a structured system for educating myself and have a teacher/mentor for support and to hold me accountable during the process.

Once my son has finished school we will have a little more flexibility to purchase a PR or MFP in other areas.

Why would a bank give a pre approval of a refinance?

Plumbing all that to the house is a couple grand more before rough-in.My property is in a very rural area right next to a popular ski resort plus it is elevated on a ridgeline.

I was told that since it is a pre-1943 property, sprinklers would just have to be added to the hallways.Has anyone been through this process? 

Not only that, the borrower got a pre-approved term sheet for $750,000 from a lender to refinance the property!!!

It is not illegal to have an owner occupy post close in a pre-foreclosure sale, although it is certainly a terrible idea.

There is likely a phone number and persons name that will come up, that you can reference, since he is having bills that arrive to the mailbox and packages to the door with his name on them.You could make it a pre-condition to the seller that he allow a background check on the tenant before closing and your offer is contingent on your approval.Neighbors typically know what's going on in the neighborhood and will know who the guy is and if he is a trouble maker.He probably has a car and a private detective can run the plates.And so on.The information is readily available is the knowledge is worth knowing.

Assuming a 15% average negotiated discount, the $607,143 would secure a diversified portfolio of 37.15 acres, or $16,343 per acre.Attached are some screenshots of the "tool" and a "pre-screen" polygon of areas that I have subjectively deemed promising.

Rentals for 30 days or longer you don’t need a permit, ski leases are a great option if you don’t plan to use the place at all in the winter.