For what it is, it's a generic folklore estimate that's fun to look at.

If the property is free and clear at the time of your closing it does not mean the Seller can not take a mortgage out in the future, for most generic Seller financing contracts allow the Seller to have debt less then the financed amount. 

Roman,The ensuing is a generic due diligence check list that my firm uses for the purchase of a commercial property.Business Financial Supporting Documents: Bank Statements for Proof and Source of Down Payment FundsBusiness Profit & Loss 3 Years Income & Expense Statement 3 Years 36 Months Detailed Business Bank StatementsDebt ScheduleProperty Supporting Documents: Purchase agreementSchedule of tenant leases Copies of tenant leases Property TitleSchedule of Units with Square Foot Per Unit Excel Format Schedule of all major improvements to be made with cost breakdown to subject property Exterior Photos of Subject Property Photos of Parking Lot, Street view Interior Photos of Subject PropertySubject Property Tax Documents with AmountsInsurance Binder with Annual Costs12 Months UtilitiesProperty Income & Expense Statement YTD 12 Months TrailingUse of Proceeds in an Excel Format for Improvements to PropertyGuarantor Supporting Documents: 4506 (T) executed Tri merge credit report for all investors Government issued photo ID copy – Front and Back Full detail personal and business bank statements YTD for 36 Months YTDPersonal financial statement for all guarantors and investors YTD for 12 Months YTD3 Years Federal and State Income Tax Returns for all Guarantors and Investors Articles of Incorporation Schedule of Real Estate OwnedSchedule of Corporations / Businesses OwnedDebt SchedulePersonal Financial StatementIncome & Expense StatementReal Estate Owned Businesses / Corporations OwnedRent RollSchedule of Tenant LeasesImprovement to Subject PropertyBusiness Debts to be ConsolidatedDebt Schedule

This thread is several months old (years in smartphone time), and I'd be interested if any of the posters has changed their opinion of their phone they selected, has latched on to a new phone, or if any one else would like to comment on the smartphone they currently use in their RE business and what they like about it.Also interested in who might be effectively using an iPad or other tablet technology in combination with a generic phone.

People mistakenly/generically refer to them as concrete homes.

And the generic dust filter bags at home depot are a must!  

So even if the trust name is generic and not tied back to you, your name would be listed on the publicly recorded deed as trustee. 

I checked USLegalForms.com and their MH bill of sale was a generic bill of sale form.

In my judgment this would have been E or F class propertyIs there some sort of generic rule to classified property by location, price, condition or any other qualities?

My question is - Does anyone have a generic list of what all goes into a short sale package?