Hey folks - I might be late to the party but I thought I'd bring up the post I wrote here on BP the other day:How to Create an Awesome Lead Generating Website in Under an Hour with No Technical AbilitiesHope that helps!

The "option" would be worthless to an investor, because every short-sale I've seen requires a disclosure statement from all parties involved that the seller gets $0 at close, and there's no other side-deals going on.

here it is called "Jane Doe and John Doe and all parties in actual possesion" adding 's if necessary

Sheena I get you are in Singapore but you can at least pay a non-biased third party for a full report to see what you are getting.A couple hundred from a local broker who specializes in these properties would be WELL WORTH not making a 101,000 mistake.

Also, spend some time to make a great ad as it's your first screening tool for tenants.I find newspaper ads too costly and it's difficult to make your property stand out in so few words.

Whether you buy the note and forgive yourself or some other party becomes or is your mortgagee and forgives the debt.

You stand to make a nice profit and can roll that cash into something else and capitalize on the market thats hot or up and coming.As Joel said sell at the peak, I wonder how many people would do things differently if they knew than what they know now??

Assume the one party has been removed from the deed and the mortgage by divorce decree, so that the other party has "won" the house in the divorce.

100 years old, I really check the foundation closely, it's been there this long without issues, it may stand another 100, but check closely along with all other issues. $230, 000 would be my start cash wise, some harder nose types here may say less.

The lender is allowed to bid like any other party (and will usually bid to at least the amount that they want to be paid).Originally posted by Kama Ward:...Does the gov. reimburse them for this loan?