However, unlike your situation, the house I bought was listed on MLS and the listing agent had the power of attorney to sign the closing documents.

In my experience, I found out that they had a criminal background, previous evictions, sex offender records, and generally they try to do a power play to establish control over the landlord/rent collector.

We need to give him a week before court.Problem is he hasn't paid his power bill and the Co. shut him off.

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

I was reading that an executor with full power (not sure it that's the correct title or term) can accept an offer for real property with out running the offer through the court system.

Just ask any old timer what has happened to the purchasing power of the dollar over the past few decades.

You may be able to use your buying power and negotiate that through your real estate attorney prior to close (if you don't mind purchasing the property with two empty units).

If you decide to tell the lender, you have a subject 2 that will give the lender more power to do a due on sale clause, and then you know what you need to do is get a u haul.Joe Gore

Near my house, huge yard, backs up to power lines.REO foreclosed in March for 178,000Zillow says it's worth 191,000$110,000 cash offer$20,000 repairs and updates$130,000 /hard money loan$4,000 closing costs/me$150,000 conventional refi$145,000 repay hard money loan (how many days is the norm and what kind of return to lenders expect?)

@Francis A. I