Make corrections before you OK the offer for presentation to the seller.John Corey

Just that the value implied gives you the present market value for a property.

Actually it is the bank vs. any investor who gets to the present owner.Does the deal work if it is not a short sale?

You should have no problem retitling your property under your LLC's name and reissueing the loan under the LLC as well with a guarantee signed by you and your partner to the bank.Probably get away with about $750 in fees with the Lawyer and bank fees.The attorney will do a retitling so that will save you money instead of a full closing.JoeJoe,I doubt very much that the lender will be OK issuing a new loan or otherwise taking the borrowers off the present loan.

There are times when commercial property that is in demand would cost 30% more to rebuild than it is presently worth.

At present it's about 29%, which includes my residence.I guess the simple description of my model is that in my deals I am;rehabber,General contractor as well as (almost) all subsselling agentlenderCollector of fees for writing contractsClosing agentI guess you could consider that as having a modicum of control.Since I've bought a few notes in my day, I know the kind of profit available on that end, so I would never sell one.

So it presents a fixable problem.

The biggest problem that we have here in Florida is that most of the specs are priced (and the owners owe) much more than present market value will get for them.

Your writing style for ads can make a difference; your phone and/or in person presentation will have an effect.

One in Europe, one in Barbados and one in Miami, so I'll keep you posted as these present opportunties for assistance.