I'm looking to buy a property from Auction.com in which the Seller (Bank) has taken back the property, not by official county auction foreclosure, but by deed in lieu.

josue, I would call their manager or contact the local housing authority or agency, where it has probably happened before...

I usually just give them a bank account to deposit to, but not every bank is OK with doing that without some written "authorization" from me.

My .02.....Just a couple of interesting educational examples below ..... and check your most current authorities, do your own research and as always check with professionals for final word...)

Networking starts at around 5:30 officially, but I'm usually there around 4 to get all the TV monitors setup in the room, and the presentation queued up.

The author writes about submitting offers without an agent.  

As an inspiring author/investor said, "focus on Criteria (what), Terms (how) and your Network (support team).""

Thanks,WT Most ebooks and tutorials are setup as cheap teasers to entice you to want to attend a mastermind or weekend long training from the author.

As a HUD authorized Brokerage in Florida, we assist Investors in procuring both HUD and non-HUD properties.To that end... if you want to be successful, one of the things you need access to is a great Title Company to do your closings.For years, we have been using Jordana (Dani) Angles at Central Florida Title, LLC, the Manager of their Clermont, Florida branch.She has been doing HUD closings for 20 years as well as all the different "flavors" of deals that investors can cook up, and does it quickly and seamlessly.

This avoids let me think it over.Three negotiate and discover how motivated they are to fix the problem, I do this by asking how they feel about many different solutions, will sing it with another agent another company, how we feel about property managers, how they feel about for sale by owner, etc.Four if there's a lot of equity, talk about some cash now and some cash later, using notes, leases, etc.Lastly use a "what if" statement in step fiveA "what if" statement might sound something like this:"Mr. and Mrs. seller, we've been through a lot today, I do want to ask you one or two more questions, and basically it's the kind a solution I can provide for you, you may not like the solution and if you don't then I'll pack up and go, but I think after talking to you it's the best solution....what if I could arrange a payment coming to you over a period of time, I don't know 24 or 36 months, then whenever the existing balance is, say it's $110,000 (i'm inserting this number) and that's a good guess, but you will receive a payment over 24 to 36 payments to pay your principal interest taxes and insurance, and then whatever your balance on your mortgage would be paid off in full, at the end of the 24 to 36 months, and I don't even know if I could get that done for you, because  I need to talk it over with my business partner, he does all the contracts( this is called appeal to a higher authority)...if I can get this done for you, it would take about 45 days to do, so someone would move into this beautiful house, make a payment for 24 to 36 months and then pay off your mortgage in full, Is that something to even talk about or should we just scrap that idea?