I would say that when a listed property initially comes on the market that the agent would be inclined to recommend to the seller to decline a lower cash offer and wait to see what else will come.

If I find a Seller so inclined, I can get the Deed (usually in a "kitchen table closing"), and I now own the house "subject-to" the existing financing.

NOT TOO SHABBY.Had I jumped at any of the marginal deals I've looked at the last 3 years I might not have the time or inclination to go for this package.

I'm very handy & mechanically inclined.

I'm more inclined to believe that I did not make myself clear enough on the original post.

That and I don't have the time, nor inclination to do it myself when the time is better spent finding other deals.Glenn

what i was saying is that i prefer rehabbing, but i have a little construction experience, and i'm mechanically inclined.

I do not believe this will have a great impact on foreclosures as I would be inclined to believe that many longterm unemployed would already be behind on payments or into the foreclosure process but it will probably have some effect.

My first inclination if someone said they were charging me more than a 15.5% fee would be to tell them to go f*** themselves.

If they have been great tenants and you sould like them to stay long term and believe they will then I would be more inclined to pay all or a larger portion of the increase.