I am only in the beginning stages of real estate investing with two current rentals, and I just heard about Freshbooks.com.

I see that although buying a Foreclosure for cash could work out well, purchasing in the pre-foreclosure stage would be necessary to assign the contract.And yes please, I'd appreciate it if you could refer an agent to me. 

Total cost of property I purchase is 130K.Granted I am at very early stages and learning about real estate but mine sounds more absurd I think?

Im also in the "I dont know how to put what Ive learned to use" stage.  

This could trigger the due on sale clause issues.If this is a friend of yours, you can't help unless he is willing to transfer an interest in title, there may not be any profit, tell him under the circumstances he needs to get a Realtor/PM.Not every house you find will be a deal, personal relationships don't set the stage to force a profitable situation, IMO, move on. :)

Tough to finance a deal at the level with 500,000 and 200,000 in reserves for his 700k.Conversely you could nab a national tenanted strip center with a few mom and pop sprinkled in for a good cap rate in the 2 .5 to 4 million range.

She seemed very aloof, but wouldn't it behoove her/her client to get the property sold while it's in the short sale stage rather than risk not getting the loan mod?

I don't use "lease with option terms" and "subject to existing financing terms" and "wraparound mortgage all-inclusive trust deed terms".The upfront agreement basically talks about what you are willing to do as a business person, and sets the stage for not coming back ever.

Bay Area-based pay option ARM lender Loan Center of California (LCC) and Aaron Krowne/Krowne Concepts Inc. ( Mortgage Lender Implode-O-Meter ) have settled the lawsuit which was filed by LCC on May 7, 2007, in LCC's home county of Solano, CA.

I think that this is the last stage of the HUD listing process, after they were unable to sell it any other way.