From what I've seen servicers execute modifications "at the direction of" the lender which implies it's the lender ultimately negotiating the modified credit terms.

Mobile Home is being sold AS-IS with no warranty expressed or implied. 

Hi Jon , I am an investor, wholesaler and trainer here in Orlando.

It's babysitting adults but it comes with the territory.Not all these guys are bad, I don't mean to imply that..

This implies additional risk and risk can bring big rewards.A REO is also discounted because there are usually problems with condition and the bank wants to eliminate holding costs.

All properties in that area are old (30s) which implies major repairs ( roof, plumbing, foundation) so make sure you have reserves if you need to fix something big.

A call to the REO manager at the bank seemed to imply they would be happy to sell the property as soon as their contractual agreement with the auction site was over.

Which they ended up doing.Listing broker implied that the "thing to do" is to wait until a listing is reduced to within 10-12% of what I am willing to pay and then make an offer.

How that person disburses that money is another matter, but from what is implied above, it seems that the person "in control" would take some of that to cover some expenses (money paid to original seller plus any closing and holding costs) and keep the balance.

Some cities have very little list for section 8 rent Does this implies the cities have little demand?