But, it will be a long time before the price comes down to $70K.Buying a particular REO is an exercise in heartbreak.

I am ready to get the ball rolling on some more properties.

The property sold in 2006 for $128k and currently there are three comps on the market all for around $120k.My questions are:1) For those with experience, is it unheard of to give the bank a low ball offer of say $40k?

That started the ball rolling on this flurry of securitization that made credit easy and almost free.

I will have plenty of insurance set up, but I am hoping I didn't put myself behind the 8-ball on this first IP.Thanks in advance for any help!!!

Crystal Ball, anyone?

If a homeless person is squatting, play hard ball, otherwise evict them.

It should have been issue #1 for this and the last several presidents, but none of them have the balls to touch this third rail topic.No one is going to go near it until there's nothing left.

This also avoids delays when i have to contact the seller to exercise option etc, without allowing the buyer to loose interest or change mind.I dont see any problems with doing this, I just am wondering if anyone else is doing it this way.I like options, they are just weird to most sellers, and they just want a standard contract.

That got me thinking of more step, which I haven't been able to exercise just yet, but I'll be sure to update as soon as I do.