Lee,Please check out Lawler-Wood based in Knoxville, TN.

I have a duplex in a decent area, and "knock on wood" I have had full vacancy and very few problems in about 18 months.I have a tenant moving in Sept-01, single lady hairdresser.

Unless you have a fairly large portfolio, you just don't get to see these things on a regular basis... and as they say - "out of sight, out of mind".Mike

Way to go Drenda, can't wait til you post that you just received your check and closed your first REO deal.Walk by faith not by sight.

I've bought 9 since then, but here are the details and a few things I learned on the first one.HUD foreclosure--3-2 singlewide mobile home on nearly 4 acres.The Good:--Pretty wooded property with a creek and a pond.--360 feet of frontage on a state highway, a half mile from a US highway.

Vacancies abound in the medical commercial areas, a sight unseen a few years ago.

So, you'd only have a day or two at the most to find a buyer and get money from them.Jon,It sounds like (in your neck of the woods) you don't need an EMD to make an offer on an REO property.

The wood floors have been done.

Unless you are in contact with teh attorney who handled the foreclosure for the bank, the bank reps will tell you that you will have to wait for their agent wh=o will market the property.The value you are seeing on the Realtytrac sight is not the sales price the bank will sell at, it is what was owed by the previous owners.

All Wood Cabinets - $1800 installed (10 pieces) 2.