Sit down with the banker and hand them a copy of your reports and have them walk through it with you.

:shock: On the other hand, it's important for the young folk to understand this point.

I have appraisal in hand and am ready to go but I can't seem to find anyone who can do these deals anymore.Is anyone still doing these?

It says at the bottom right hand corner that I should be able to post and reply to posts.

On the other hand, banks WILL give you a repair credit for problems the inspector finds that aren't obvious.

My question is: What's the best way to keep an eye on this property in case the bank desides to hand it over to a foreclose sale?

They sometimes forget about their own suggestions (escrow account) and when you have one with $20k in it, they look very favorable upon your ‘cash on hand’ and business-savvy practices not realizing that it is all current assets by GAAP standards; meaning you will expend it all in less than 12 months when the tax bills and insurance bills come in the mail.There is much more….

Thats one reason why we are so keen on this 50% discount.On the other hand, we visited 10 houses last week and only 2 were OK of which 1 is already pending.

I don't know why our local Realtors are telling people they can get the prices their properties were worth 2 years ago.It sucks because I feel like I should be buying some properties right now and I'm ready to go but on the other hand the Realtors in our area are afraid to tell their clients what the property is really worth.

No money actually changes hands.