You need to ask a more detailed question so I know exactly what you're talking about.

Find the Trustee Sale attorneys in your area and call to see if they have a website that has all the properties that they are handling.You can actually go to one of the sites that Josh has listed, get a free trial and start clicking on properties and get their detailed information , what you will start noticing is that there are a handful attorneys that handle all or most of the trustee sales in your area.Start googling and you will find the attorney contact info.

Kim,If you post the exact details of the deal you are looking at, perhaps we can throw some creative ideas your way that would make sense for your situation (& the seller's).

From the other thread, here is my response about the cash flow - Home is located in the Poconos in PA: Here are the details for my other house, and the reason why I am considering buying the 2nd.

Have a look at this page on wikipedia for the detailed formula

I have heard of a way before but don't have all the details.

I hope this helps and it should give you some places to check out the details. ~~~~~~~~~~~~~~~~~~~~~~~ Please take note of the word Guideline that is used, not rule also they choose pretty much what to do based upon values they determine internally.

Check out the details below.

There are two detailed articles at the realdata web site, "NPV, IRR, FMRR, MIRR, CpA – Stirring the Alphabet Soup of Real Estate Investment" Part 1 and Part 2.

The details of the terms are up to you and the owner, so pretty much everything you bring up is up to the two of you.The bank will want to be in first position.