Property is next to newly built lightrail, mall & shopping closeby.SELLERS MOTIVATION:Owner is absentee and wants to sell at favorable terms/owner finance.

In all fairness to the current seller, he pulled some pretty good comps, and I've got a realtor friend pulling some comps for me as a favor.

If the agent lists the property with the owner then the brokerage mentioned in the listing contract has the relationship with the owner.The agent is working on behalf of the broker.Most states have laws that all offers that are written have to be submitted to the sellers.Used to what you were doing was easy to do a few years ago.You could try many different tactics depending on what asset manager you got that day.Many short sales were conducted on the fly with the loss mitigation departments.Now the government has created the short sale streamlined process and many banks have actual short sale departments.This means the process is more automated and harder to manipulate in your favor as an investor.Servicers have to go by strict protocol in their servicing agreements.Not following the agreement can affect mortgage insurance payouts and potential lawsuits from investors who own the loans.The servicer has to document everything and show the least damaging route was taken for the investor.When the loan is a RMBS (residential mortgage backed security) sometimes they would rather foreclose than do a workout with the homeowner.This is because the senior investors position for payoff is first and they don't care about the investors in a first loss position on the security.So what you can do as a short sale will depend on the loan type and who is backing it and the servicing agreement.If it has to be listed they will not proceed until it is done.An hourly worker who has to document steps is not going to fore go one of those steps so that you an investor can gain from it.There is a chance that once it is listed that they will still accept or counter your offer.It also depends on if you are paying cash or asking for expenses.The seller almost never has money on a short sale and any costs have to come off the banks side.

A short lock period also gives the lender the ability to drag their feet if rates move in their favor.

This was an issue for loan servicing which ultimately was viewed in my favor by the Missouri Department of Finance, in other words, financed options were not mortgages or financing of real estate but rather the price of the contract.

Do me a favor, contact your local FBI office and ask them if you could call that person back from their office.

I guess the minute you feel negotiations are looking favorable I would get the bc going.

How strong is the lease in the landlords favor that you will be inheriting??

Personally, I think using 70% of ARV as a starting value is a bit unrealistic in the current market - at least here in LA, but your market may be more favorable for you.3.Acquisition Cost: This is a very high percentage if you are paying all cash.

Do you favor Principal+Interest or PITI included together in your payments when the mortgage is set up. 2.