So I submit their bank statement as proof of funds.I am currently dealing with REOs.I calculate my offer based off of the comps within a half-mile radius of the property.

With regards to seasoning you can use financial assets for reserves as long as you have two full months or more of the asset by the time you draw docs so in technicality if you started a lump sum contribution to a PLI and had only 1 month statement showing your funds you would probably be fine because by the time the file is submitted, the appraisal is ordered, file is processed, remaining items are submitted, file is submitted to underwriting, and reviewed another month will probably have passed so you will have two months statements by then.

So - if you have any skill in design, or clever ideas that a designer could do, and want to submit some ideas - we'd love to have em!

( due to holiday ) 99.99 of Brew City properties our under Karen Taylor (agent ) -> you must have an agent submit your offer , fyi I have studied her bidding actions ( meaning typical you could pick up her properties at mostly three thousands under list price ) Example : property zebra listed for $24,000 property zebra accepted offer was $21,000 Otherwise, Brew city will let the property sit for several years.

Since the property has been vandalized, you may be surprised at how quickly the creditor may want to offload the property.Depending upon your finances, submit a really, really, really offer to the creditor and explain that the property has been vandalized and that it is a troubled and distressed property.

If not then submit the notice to quit.

@John Thedford You personally cannot report the debts to the big 3 credit agencies, you need to submit them through an attorney or collection agency.

I would submit that its not.

Potential buyers can view the property during the 2 hour open house then submit their bids.

David,Have your realtor submit your offer and the bank might take it if you have cash money.