I would research the name and any info that can be gathered off the main search engines.

In my market in Mid-Michigan the actual number of sales are up about 10% from last year at this same time but the average sales price is down about 10%, mainly stemming from a large number of the sales being from reo properties. selling way below the market average.

From one that speaks to people in foreclosure on regular basis, one repeating emotional trend I see is embarrassment---in general, folks in this position often act too late because they are embarrassed (pride is another good emotional anchor) with admitting failure...Although I don't market to these individuals, I understand the mindset all to well and believe any marketing campaign to these folks should include the following components:- Discretion/Privacy: Give them an opportunity to learn more without revealing themselves initially---offer a white paper or recorded info-message which would allow these distressed homeowners to learn without the need to speak to somebody. - Hope: Too many marketers are appealing to fear---although fear is a compelling emotional trigger, the majority of people don't want to be reminded what they will lose, they want to be reassured that there is a chance for recovery

One of the main points is the question about what happens if the seller is up against foreclosure.

All these factors are the main reason we always offer free estimates, there are just too many variables involved.

The main problem I'm having is finding a local hard money lender.

When I started, like a lot of other aspiring investors, I MAINLY focused on Acquisition.

I want to do it on the side and mainly purchase a home put some tenants in it (help pay the mortgage) and then after a few years flip the house..

The main thing to keep in mind is that the deals don't ever get eisier.

I've ran into many that are broken, corroded to the point of needing to be replaced, but I'd say more often than not they are in useable shape.If they do need to be replaced you can break them off the main hub with a hammer, this will break the lead seal loose, removing just the flange collar leaving the 4" hub.