When there is an issue like this, some swampped asset managers will merely put that property in a "holding pattern" and come back to it when everything is all clear.I'd recommend that you have your agent speak with the listing agent, and have the listing agent call the asset manager to ask, "Is this property available for purchase right now?"

It is merely another way to approach sellers without appearing to be low balling them.If they should give you a bottom line "out the door" number, then I would write the contract and put in the "provisions" that the deal is contingent upon the payoff amount and the seller must net X amount in the end (the number they said) after all fee's etc. have been paid at closing."

The bank is merely a third party that has the privlege of approving the sale because their lien isn't being completely satisfied.In simple terms...

As far as offer deadlines, these are merely part of an overall marketing strategy, and are not "official" or set in stone in any way (except HUD, VA and some auction platforms to some degree).

He went on to explain the checks he collected from the defendant corporations for his legal work on behalf of a mere consumer were the sweetest fees he ever collected.  

The Trustee may give you a cold stare but they will merely re-auction the property with no harm done.Once a house is sold at the auction, the IRS has 120 days from the day you bought it, to sieze the property.If they actually do that, they will pay you the amount you paid for the house plus 4% (some claim it is 6%).BUT....

The country's largest lender being bought for a mere $3 billion just months after the mortgage collapse?

My point was just merely stating the obvious that you can quickly draw the line in the sand with the simple math rule of thumb to determine where the (+) cash flow is and where the (-) cash flow is.Despite the other sources of building wealth via REI (appreciation etc), I think the cash flow aspect will probably be my number one requirement.

I have 4 employees that work for me re-habbing and can easily up that as needed.

This is hours of work.A few of these gurus, are like, yes, I spent 90 seconds in the house and drove down and wholesaled it for a cool $7,0000 after closing, for a mere one hour's worth of work.It takes me more time to pull of comps on houses than that.