So we do not deliver the actual check until the offers is accepted.I think the bigger problem with the strategy you mentioned is you will have a hard time changing the name on the purchase contract once they accept your offer.

The outcome of your "cash flow" analysis determined the lowest cap rate that you could accept.

A book or two will present background information in an organized manner.Short sale is getting a lender to accept an offer for less than the owner owes on the property.Preforeclosure is that period of time from when a notice is filed by the lender that a loan is in default until the sheriff's sale happens.

So far I only have two accepted.

Some people submit the same offer every single day until its sold or accepted.

K. it but after I’d just found out from one of the previous post here that we shouldn’t accept partial rent due to the delayed eviction timing issue, so instead I’ll tell her tomorrow I’ll give her a 3 day pay or quit notice on the 10th for the entire portion of the rent plus its late fee to just follow the procedure.She’d also told me that she’d her brother and sis-in-law moved in due to her brother is having cancer (terminal with 3 months remain); sis-in-law no longer have a job; for the reason she wants to spend the remaining time with him.

thats the problem from what the sellers broker is saying, he says he got approval from the bank to sell it at the 79,900 now the person he talked to is not there and its mostly an automated system and you leave messages. so who ever is in charge now says 79,900 is not enough. so unless they accept my counter of 90,000 including closing im done.

If the lender is willing to play ball, and continue accepting payments, then her best bet is to come up with money to make the payments.I know of no way to possibly come up with $350K quickly without having something of value to use for collateral.

So if you want a 5% loan, you can keep negotiating from 5.5% on knowing you most likely won't be sent to auction.The point being, according to the group, that if you are renting the house while you're having a forensic loan audit on, you can keep negotiating the loan mod for months and collect rent until you finally accept the new terms.

As long as you can accept the process...