Interest rates will be a bit higher too. 8% is possible if you have spotless credit and a good cash reserve.Local banks are now your best bet for commercial loans, I called a broker about doing a cash-out on one of my properties and he informed me that the open market now wants to see 12 months seasoning.

Best bet is to Google REO or REO Asset managers and see what you get.

An odd number indicates that you have put some thought behind the offer. 8)

In case anyone missed it, credit union, credit union.If the rental property is rented, the rent can be applied @75% to help Your dti ratio, but I haven't seen that help lower the down stroke.Your best bet is to shop with out credit pulls, make face to face appointments, sit in the hot seat and follow some of Jimmy Moncrief's podcast suggestions, even though they are about commercial lending, His advice is solid.John

Try searching "Texas, Options" you'll find some information I'd bet. :)

Jerry;Nice idea...i actually do something similar with the tax redemption notices in Ga.I look the properties up from the sale lists and reference them against county records online, it really doesn't take that long.For me, the foreclosure thing wouldn't be a ongoing thing, maybe a few months, i was just curious to see what the properties in these particular counties were going for vs. being sold off MLS listings, and i'm betting the difference is huge.If one has inside knowledge of the property from prior owner, neighbors, etc, it would be a way to get great discounts.

Also in the rust belt where jobs and city growth are minimal. around toledo college is your best bet.

Odds are if she reared her ugly head after a decade and is making it difficult now, she is going to go down hard.Keep it in reserve and watch it, but I would get out while you can without any harm.Clearly she is still bitter.

I bet not.

Check your State laws, I bet they call for 60 days for this situation.