Short sale negotiator office was suppose to send buyers atty P&S, but we received word that the signing of P&S would be delayed a couple weeks because bank needs to produce written approval letters.

A fear of debt is healthy, imo.

They will also produce a new assignment which conveys ownership of the lien from the seller to you (or your business entity), and ship the collateral file to you.

We'll see a trend where homeowners and investors make them (the lenders) produce the note . . . if they don't, they stop paying the mortgage.We'd lose all the banks then!

I too have yet to hear of any building producing 30% cap rates anywhere in this country.

For example, it's customary here for the accounting of the security deposits to be done between the seller and the buyer and a check written for the total.Six years later that deposit was in dispute when I transferred my security deposits and I was able to produce a check stub accounting for what I received from the seller.

A one time mailing might produce a deal and then again it might not.To answer your question test test and test again.

A $117,000 30 year loan at 6.75% paid over 8 years shouldn't produce an equity of $76,540.

Thanks for your generosity and help @Jerry PuckettI have colleagues in my area who use a program called Top Producer - anyone here know about this?

Even though they're no money down I normally have some reno costs and closing costs and so on.Truthfully though I feel that doing as many deals as I can like this will produce the bigger pile of cash at the end of the long road ahead.