Some high paid official somewhere figured out that short sales actually cost less than proceeding through foreclosure with legal fees and another 4-12 months of holding the property without recieving payments.

Indeed, if we cannot work out a deal directly with the borrower, we will motion for a reciever based on the ALR provision and proceed with the foreclosure.

They will recieve their just rewards in the end.And you will see that we are in basic agreement on how to do things if you read my statement on the very last line.

I've have recieved requests for more details, so here goes.The property is not in California but in the great state of Arkansas.It has been owned for years by an individual who has used it for personal use .

I authorized it but I recieved business credit from the hard inquiry.

Does anybody know any good payment recieving software's so that I dont have to deal with taking checks to the bank?

Or should I do them 1 by 1 in the order wich they are recieved and choose the first individual that meets my qualification standards?

It recieved new wiring, plumbing, ceiling drywall, kitchen cabinets, etc.

I have heard the some stories about the service folks have recieved from their suited landlords...

So tying this in to the pre-approval question...once I recieve a pre-approval letter, I think they are only good for 60 days or so.