I guess I will probably go with Entrust then, unless someone knows something bad about them that I should know about.

Guess which is cheaper.

Nodog houses so I guess the flippers stay away but why would Citi hang onto allof those houses?

I guess basically what I am wondering is what I should do?

:D AITD (All Inclusive Trust Deed) transactionThe default part as you pointed out is the greatest risk, I guess I can get a foreclosure attorney to give me the worst case scinerio as far as cost goes.

I'm guessing that ARV will show to be between 125k and 140k [still need to do a bit more definitive research, as it's not in a subdivision and not my local market], while the tax assessed value is just 70k.I have a phone number for the owner's son and plan to get contact info for the owner, but HOW do I 'get the deal on paper' when I call the owner of a trashed, abandoned home?

Just the facts, solid advice and a tendency to back down rather than rise to the bait if another member of the forum is getting out of line.

I'm guessing it varies widely depending on local market conditions, but do you know of any typical hurdles (say 65% or 70%) that generally make the added risk (i.e. title and lien risk) worthwhile?

My guess is that he's pumping up the buyer to put pressure on your parents.

Just trolling for unsuspecting newbies, I guess!