I am under contract on a short sale with Chase and have a very tight deadline for settlement mandated by the bank. My title insurance company did a search and came up with 6 open liens on the property, all but two I ...

There is also the possibility of a "blanket" mortgage where one mortgage is collateralized by multiple properties.

Getting multiple bids is essential, but that means you have to tell somebody "thanks, but someone else gets the job."

Another powerful internet resource at your fingertip with multiple uses.

The reasons I prefer individuals are:- I usually have their cell phone number, so much easier to get a hold of then trying to call an office line and leaving a voicemail- Simple statements, usually in Word or Excel and just simply say the income and expenses and total deposited- Way less players in the game, meaning the one guy handles a whole situation.

Not every distressed owner is looking to sell, those that are may be getting marketed from multiple sources or want to sell traditionally.In terms of follow up, I typically try to bring written offers directly to sellers if they are local, and if not I do mail them.

Sometimes I do get multiple people there at once, but then they can each see there is competition for the house and they are not the only ones interested in it.

After bringing in multiple contractors I've made the decision to tear down the houses.

I also dont multiple my rents times 12 lol.

There are also multiple exit strategies.