They may not on a tax sale but clearly, these homeowners are motivated sellers.

I just closed on my first property yesterday. I assumed the closing company would get a check for the remainder of the current tenants month rent from the owner, by they didn't. Since it closed six days before the end...

If a tenant remains in possession without the landlord’s consent after expiration of the term of the rental agreement or its termination, the landlord may bring an action for possession and for rent and the landlord may also recover his or her actual damages.

. :)PS. glad I got this out of the way, hope it doesn't discourage as much as it motivates some to getting involved on a professional investing level. :)

My son became ill in 2008, and I Laid OFF the Investing, and remained in the Commercial Lending Area part-time until NOW.

The key is to find a motivated seller and to bring value to the table.

It comes down to how motivated he is to get his real estate business going?

They are deals that your main agent just can't bring to you until after they hit the MLS.Lastly, you can also direct market to motivated sellers and that can be done on your own or in concert with other agents.

Self-Motivated - does not need day-to-day supervision. 5.

If you decide to not send in the EMD within the 48 hr period after winning the bid (presumably due to finding issues based on more detailed inspection), do you remain eligible to bid on the house after the price drops further?