I have never done one but I have known a couple people that have. you might want to call or email the Alabama department of revenue to get the correct procedure.

Some pre-foreclosure procedures end with a short sale in which case the buyer can raise financing from the all the same venues as a normal sale.Some people have cash, some people use private money, other hard money lenders.it depends

I’m very new to the area and really trying to get a jump start on procedures and locations.Im hoping to connect with as many investors, agents, contractors as possible.

Or is the procedure identical to setting up a regular series LLC, except that the 401k trust will be the sole member, instead of an individual person?  

Usually it’s 90-120 days late, after proper notices/procedures.

@Vickie BruceSorry for your loss...You should be able to follow probate proceedings and have it transferred to your name.The procedures will depend on if your mother had a will or not and the language on the deed.

This is the reason we have so many asinine laws and procedures, its because a small group of landlords/"investors" act so abhorrently towards tenants/homeowners that lawmakers and judges decided they have to go to extremes to prevent a reoccurrence.

My questions are (1) Is this normal procedure for wholesale assignments?

However, I'm sure you know there is a lot of work involved with no only trying to sell and find a new property, you will now need to need follow procedures to make sure your 1031 is completed correctly.Overall, it depends on what you want.

That's OK I'm a degreed accountant and I don't do cost recovery and lifo is some kind of surgical procedure I think!