You get the paperwork signed, do the negotiating with the bank, make the profitable transaction however you do it, and he earns a commission when the property is sold.

Almost seems as if I have no time to be in the office looking for more deals and straightening out my paper work.

Depending on how your paperwork is set up on your end you are either going to have to go into this with an option contract (which the lender will shoot down 99% of the time) or go in on a State Realtor's contract.On the other end you can get a limeted power of attorney from the homeowner (borrower) that allows you to remarket the property before you take title and become owner of record.

I want the low interest this property has in place, so I was hoping there was a way to take it sub2, pay to reinstate it but my small town doesn't have a title company that will do the paper work on a sub 2.The property is worth in today's market about 75K.

With that being said, it a week before the sale date too late to submit the paperwork?

If the seller doesn't have all their paperwork together, that could hold things up as well.

Not if you own the paperwork :)or at least put the famous "or Assign" after your name.

Do you have paperwork, the contract you're going to use available?

Message me and ill send you all the paperwork when I get back to my computer.

I missed it because I had 3 vacant units where the tenant pays heat - busy showing and doing paperwork!