I found out later that Countrywide has an interest in Balboa, and was getting a $1000 commission for each new policy they sold.When I found out what had happened, I insisted they put that money right back into my escrow account.

although sellers who insist on POF do eliminate the market of wholesalers who may be able to find the ultimate buyer, they also eliminate having their property tied up under contract with someone who is essentially getting a free option.

Phrases like "that's a good deal for this area" are code for "if this guy insists on a great deal, I'm never getting paid."

BUT IF YOU INSIST on owning the place you lived in for quite a while which could be done in a profitable way it will cost you a lot of headaches... and whatever you do try to talk you landlord into letting you and your family stay a little longer while the agent tries to get the 700k and if he gets 6 or 650 he is lucky and your screwed but i doubt he will sell it above 500 and if you buy it for 500 maybe he can cary a note and make a deal with you to get approved easier for 300k and he can have cash now pay off his loan and still have monthly income from the property that he won't own anymore....It may be a way to convince him into cutting the price and selling to you...GOOD LUCK and don't rush into it i know some crazy sales are happening in bay ridge for whatever reason but when i see a bunch of 2 families sold for 3-400kish and than one or 2 show to be sold for 1.2 million plus it could be a talented investor or just evidence of money laundering although thats nearly impossible to prove... i think i actually heard something about that on NPR  :)

Do you insist that this is your criteria or just make a mental note to document this later and not call them back?

Come back and update us on their response.Another complaint of mine is the number of investors that insist on you putting property into an LLC.

The government insisted that banks lend to people that had no business owning property so that prices would keep going up and the tax gravy train would continue.

The owner insisted the boiler worked and only needed oil.

My prop manager (whom I have worked with for 4 years and trust implicitly) insists that no such permission was given by her or her maintenance tech who was actually the person on site that day.The POA management co states that per the GA Condominium Act and the POA Docs state that windows are "limited common elements" and are the responsibility of the owner.

When labor is running you 1,500/day even minor stoppages are costly and if you insist on buying the materials you should expect to pay for any stoppage.