WHat were their situations or better yet motivation for selling?

Maybe they can offer you some sort of workout program.

It is too hard advertising for people who are motivated sellers where you are expected to jump in the car and rush over when they call.

I've been listening to REI podcasts and reading all sorts of everything for the past two years in addition to reading a number of assorted financial periodicals in general (any sort of periodical being another big weakness for me), and I think it's finally time to take what I've learned and take some action.

Just a word of caution - in Real Estate Investing, sometimes perceived "mentorship" can translate into 'high energy motivated less experienced person gets taken advantage of."

That seems like a very good resource to have (millioniare friends of that sort) and will come in handy when you find the right deal!

I would like to start out investing here in REO's, foreclosures, and other situations with motivated sellers.

They also want to motivate seller's agent to bring them deals as there will be no loss of commission paid to the seller's agent.3.

A good bank will be motivated to get their cash out of the reserve and back to productive use.Net Bank was shut down about 2 weeks ago.

I am familiar with land trust, and i can tell you one thing, a warranty deed to trustee conveys all rights of the property to the trustee, the land trust agreement itself gives the trustee their directions or limits if you would.To clear things up a Deed of trust is that sort of the same as a mortgage but used in a trustee state to give the trustee for the lender a power of sale.there is no land trust deed.