This won't be you standard call/webinar/whatchamacallit because there isn't any sales pitch, just straight up information on BofA, their system(s), how they work, why they do certain things etc.....

Also have not used crown molding because my apts all have a soffit-straight run.

Make sure you have your stories straight, are you doing a lease purchase or a lease option?

The offer made to me was for $160,000, which is my asking price to sell straight-out.

I normally use an Earnest Money Note with individual sellers on standard contracts with the notes being replaced after the due diligence period.In fact, the last REO I purchased, an EMD was not provided until the contract was accepted, that was last October with Lenders Services.As pointed out above, with a cash offer, there is no lender involved, so a verification of available funds will be required and made.Why is it that some investors are so afraid of the big bad bank selling REOs or some listing broker that they resort to fraudulent activities and sneak around to conive a deal rather than just come straight out and tell them, here is you offer and this is the way it is the way I make them and why!

Since I just hired this PM firm 2 months ago I obviously needed to set the record straight on when they can spend our money and when they cannot.

Well straight and to the point.

yawn...the name calling and finger pointing is getting old....don, jscott has given some great advice. also, please remember that the guy you are working with at the bank is just a middleman. the underwriters are the ones that are picking the loan apart. ask them to be straight up with you and do so calmly. i also find it strange that the appraisal still hasn't been completed.

I am sorry if I misunderstood.It would disturb me too, if I thought someone with one million is assets, were declaring BK...but now, we have that straight, right..I am NOT.

They know straight out that I am assigning it.