REOs are quick, though very often they just reject your offer.

Because the heirs to the estate might want to be paid in cash today, this solution might be rejected by them.

I would like to reject his rent payment and just get possession of the property.

Just encountered one minor downside - tenant applicants that you previously rejected still want to live there, and they are still calling (but you know you will just reject them again for the same exact reasons).

Do I have to give every applicant a background and credit check in addition to them filling out an application? Or am I able to have people fill out applications, then the person I see as most qualified I move on to d...

In Illinois I would bring this to the attention of the broker, as every contract requires a signature if rejected.

Question to wholesalers --  curious as to what you do with your lead lists?  Specifically interested in those leads that do want to sell - but either not appropriate for wholesale or just could'nt come to an agreement...

If the bank doesn't immediately reject this offer, what does the capital gains hit look like for the seller?

Reject stupidity.

And come back with 70% offer if they rejected it?