The owner of the house is still on the deed and that person is the only one that can deal with you legally, unless some waivers are signed.If the property has been foreclosed on and bought back by the bank at auction, the bank can deal with you but may have already signed an agreement with a Realtor.If you have a good relationship with a local bank they may offer you the chance to buy a property before they list with a Realtor.

If you have a relationship with a title company, they will likely run a preliminary title report for you for free.

I was thinking generally (and hypothetically) along these lines:* Deal with folks where we have pre-existing relationships* 10yr fixed rate - pay around 7.25% fixed for 10 years (this would be set at loan origination around the 10yr tsy plus 5.0%, or possibly the 30yr avg fixed rate + 2.5-3.0%); interest only ideally, or possibly 30-year amort* Right by borrower to substitute collateral to maintain the LTV (if we want to sell a property)* 1st mtg, 75% LTV on new appraisal value* One investor per property, in 1st lien position* Property rehabbed, seasoned for at least 90 days with tenant in place with term leaseHow have you addressed lender concerns around investment safety and illiquidity?

Most everyone here is here for business, but some just can't answer something without under the radar plugs.If you are really considering a million dollar second home, which makes some here salivate, you already have a tax attorney or CPA, an attorney, a bank relationship (or several) and you're no dummy in business matters. :)

Normality is where inventory levels are at or near historic levels and where supply and demand are also near equilibrium.

Why should I pay off a mortgage that is at historical lows?

So now I'm wondering if the reason I'm not getting any interest is that they are bad deals.House #1 - 2022 square feet, 4/1, very upscale historic neighborhood in Knoxville, TN - List price was $99,900.

In that case you may have to back out of the deal and jeopardize your future relationship with the asset manager of the bank (if that is where you're getting the deals from).

To me this site is more about sharing knowledge, experiences and viewpoints not seeing someone's picture and building trusting relationships.

You might expect her to give a better deal based on a now established ongoing relationship.