Say If You Buy This House And Find Out It Comes With A Pending Lawsuit Or Something Similar.

The consideration then is the incremental cost of adding to that mailing.With regard to mailing to distressed situations only, I find that the obvious candidates, pending foreclosures and bankruptcy etc. leave out a large segment of the distressed homeowners who don't even consider that they have options in this market.

With a pending tax sale, the owner will lose the home, so if the numbers make sense for you to pay the $19k, plus X amount for rehab, plus X amount to seller, then go for it.

I've been seeing things going pending very quickly in the Los Angeles area.

Listings that are pending and short sales listings are not properties that are readily available.

Here's a list of repairs and approximate costs:New 100AMP service w/ all new copper wiring throughout: $3,000New roof $45007 new windows: $2500Drwall patching/texturing $3000New doors/trim throughout: $1800Hardwood flooring material (I installed): $600Carpet: $2800Tile: $800Bathrooms: $2500-3,000 a pieceGranite countertops: $1500Paint Material (I painted): $1000Garage Doors: $1200Appliances: $2000And a whole bunch of miscellaneous stuff (it's on a spreadsheet somewhere)=$39,000Purchase price was $54,000 and have a pending offer at $120,000 which was our goal from the start.

It could have gone pending on Sept 22 to an owner occupant and they had the water turned on the next day to do their home inspection.

Their opinion was that fair market is broad and could be lower or higher based on many factors: condition, long term versus short term, knowledge of the pending foreclosure going into the lease, etc.

If the lender is a large bank, the property will likely have to hit the MLS, but just arrange with the listing agent that it goes pending immediately and your offer is submitted to the bank.

At the very least, have the closing company or attorney hold money in escrow pending the seller's providing these items.