Regardless, it will get dealt with in a manner congruent with the importance level and only one communication is required (they get an acknowledgement of receipt).

And you will have problems communicating.

Communication is key in closings!

Here's the situation :)I'm trying different approaches to wholesaling, when I communicate with the home owner.

It didn't end up costing me any money (except $20 for the Outja board I bought to see if my friends and I could communicate with anything in the house.)

I thought I would post this up to all who want to review of how to communicate with a seller through email.

I have used him for doing my series llc in texas and has open communication, Charges flat fee and does not charge for his time answering the questions over the phone unlike the other guy in houston who uses email only and expensive.

This kind of investing does require a certain level of knowledge (ask me how i know :) )If you are completely unsure of how to go about seeing if its a deal or not & how to communicate with the seller, my opinion is that I would put together a bird-dog contract that says _____ will supply this lead to you, and if it becomes a deal, you will pay me 200$. (100-500 Dollars is the going Bird-dog rates around where I live.)

I hand wright all my envelopes.Actually my wife hand write them because I have doctor's handwriting.My results have been phenomenal.I believe in the techno world many sellers especially ones who do not use technology find old forms of communicating refreshing and respond well to them.Junk mail used to be in the mail box and now it is on the internet instead.I have had people tell me they look more forward to getting mail now.

NO THEY CANNOT.The bank has to honor the lease.Now if they were month to month that is a different scenario where the tenant has a certain amount of time to vacate the property.If a tenant gets foreclosed on often times they do not know where to make the payments to.The tenant needs to set up a separate bank account and make the payment there every month.Then when the tenants and the bank go to court the tenants can show they have an enforceable lease and they were making payments each month the bank just didn't communicate to them where to send it.The judge will make the bank honor the lease because of the tenant foreclosure protection laws.As far as right of redemption investors buying in pre-foreclosure in a post redemption state will pay a distressed seller money to sign away their redemption rights.Some banks will want to dump a property with a tenant in place as they can't get rid of them by law and have to wait it out.If you as a buyer are willing to take the risk on the price should reflect that extra risk.If the bank wants to dump a dog of a property it will cost them.Only an unsavvy investor would pay top price and be stuck with a holdover tenant.