I make alot but my income is odd and doesn't qualify for conventional morgage as of yet so we would need to go off her income and she makes less then half of me. so untill she finishes her bachalors and dental school I'm going to be the bread bringer in the family.appreciate your response!

Some pre-foreclosure procedures end with a short sale in which case the buyer can raise financing from the all the same venues as a normal sale.Some people have cash, some people use private money, other hard money lenders.it depends

I’m very new to the area and really trying to get a jump start on procedures and locations.Im hoping to connect with as many investors, agents, contractors as possible.

Or is the procedure identical to setting up a regular series LLC, except that the 401k trust will be the sole member, instead of an individual person?  

Usually it’s 90-120 days late, after proper notices/procedures.

@Vickie BruceSorry for your loss...You should be able to follow probate proceedings and have it transferred to your name.The procedures will depend on if your mother had a will or not and the language on the deed.

This is the reason we have so many asinine laws and procedures, its because a small group of landlords/"investors" act so abhorrently towards tenants/homeowners that lawmakers and judges decided they have to go to extremes to prevent a reoccurrence.

My questions are (1) Is this normal procedure for wholesale assignments?

However, I'm sure you know there is a lot of work involved with no only trying to sell and find a new property, you will now need to need follow procedures to make sure your 1031 is completed correctly.Overall, it depends on what you want.

That's OK I'm a degreed accountant and I don't do cost recovery and lifo is some kind of surgical procedure I think!