This is a decent pdf that walks through the process - it was a supplement to a presentation so not complete but cites the relevant statutes and may help you figure out where this house actually is in the foreclosure processhttp://www.mobar.org/uploadedFiles/Home/Member_Ser...

If I was buyer I would walk or ask for $ off sale price.

@Tyisha G.On top of what has already been said here, I think there are two essential ingredients for working with turnkey companies.1. know your criteria, if the property doesn't meet them, walk away.

I am calling my realtor tomorrow to schedule a walk through and look at the books.

It's like riding a bike or walking for the 1st.

hey all,happened upon a very low-cost property that the owners have free and clear. they've been living in one side w their mother in the other unit for twenty some odd years now and are moving to a new house. they tried listing it for 40k originally, not even a single walk through. 30k, nearly the same thing. finally got someone interested in it for 28 but then pulled the deal (the listing agent did) because the buyer seemed shady. back on market now and i've been using the listing agent to look at duplex opportunities the last few weeks so he pitched it to me.checked it out, needs minimal repair (considering the price point it's at) and can pull 550-700 depending on what updates i choose to perform.the best part of it all is that she may be willing to do owner financing as there is currently only one offer on the table and it's 8k less than what she's wanting. all that to say: what are typical terms here?

We could not even walk into some of the rooms because of all his junk.

The way they look at it you could walk away because you won't be on the street or anything. 

Also, back in the day, we used to call it farming an area, but pick a neighborhood and walk around and talk to neighbors about buying in the area.

@Johann Kleisch First, be ready to walk on this deal.