Stuff that is being filed just before the auction to get in under the wire.You need to know all the facts or be prepared to pay for mistakes.

In a bank, only employees and officers with knowledge in preparing the call report may complete the requirement.

A person needs to be prepared for the "exit" strategy of holding onto these for some time.

I am prepared for the worst, and willing to give it a shot.

If you don't vacate within 3 days they can file an unlawful detainer action (eviction).You should avoid going through eviction because it will be an additional mark on your record and make renting more difficult.If I were in your position I would wait until the new owner contacted me - but I'd be prepared to move fast.

Did you have a CPA prepare your tax returns?

So, be prepared for that possibility.Jon

You can always negotiate down but it's a good possibility they may ask for less than you were prepared to offer.

. * Once you're happy with the newly-negotiated terms of the loan, you then go back to the homeowner and prepare an offer to them, with the new loan terms and whatever cash, etc. on closing to compensate the owner for their equity (or at least a portion of their equity).Finding the right deal and doing this right should produce some cash flow the first year of ownership.

Regardless of the details, if the tenant doesn't pay, I still have to pay.If I get the property subject to, then I have to be prepared to get a loan if the loan I took over gets called.