I keep running into the SAME issue with foreclosures and that is running out of time. How do you buy time to get a deal closed? I get calls from homeowners but the auction is always at most 7 days away and in order to...

He was frustrated that I didn’t want the deal and insisted the home was worth more… And continued to try and convince me of this.

A mistake many people make is buying the most house they can afford.

Here are some reasons why:1.)The #1 city for most affordable homes!

A way of holding title.As an investment they are mostly used for folks who want to do a 1031 into a project where they can only afford a small share.

You'll see the frustration.

Lazy people sitting around middle of the day playing WII or XBOX on their HI-Def Plasma, but they can't afford their mortgage?

It's a frustrating business for those that have better business standards.I would have your broker call the listing broker and request they follow up with the asset manager to get the file to the (sellers in-house) closing department - probably PAS and have him ask to get the name and contact info of that closer.

Can you really afford the cash flow on the two homes?

By far the greatest frustration for me was tying down all the loose ends on every deal.