I'm still in the process of checking with other banks. 

Account Closed,Lenders typically start their own "wheels" in motion after the third missed payment, but it can still take a while before they get to the point of beginning the process of foreclosure.That said, Brian called it: offer him what he owes  - you decide if you want to give him any more than that as an incentive to cooperate.

It took me about a month to get through the process.

I think all you need is a title company to close your transactions - no don't need an account at this time - most title companies have lawyers to close your transactions -You should make sure that you buy real estate at a giant discount - Understand the management process - learn how to be a good landlord - a tenant is a customer - the tenant is the person who will pay for your mortgage - treat them well.Find discounted real estate from landlords who find themselves in rent court -Start to deal directly with owners - I don't think you should depend on agents selling retail properties - you need to go under-ground for great deals -Tax salesPublic AuctionsRun print ads and radio commercialsInternet - 5 weeks ago I created an internet site - I have received over 200 leads - have 70 offers out there and 15 ratified contracts - learn those systems and you will do well.Expired listings - go knock on some of those doors - an expired listing is  FAILURE of property to sell - I am sure the sellers are not happy - go find them and solve their problems.Direct mail to commercial properties owners - commercial buildings can be  great profit center - when you advertise for real estate - signs - internet or mailings always advertise - WANTED REAL ESTATE - houses - commercial and non-conforming properties - all cash -as is - no commission.

HiI am from Northshore Chicago,would like to invest in  property went from short sale to direct into auction ,but don't the process of auction very well.

I will share my whole process!

It was still a good learning process and I'm definitely going to use the CL idea again in the future.

That is in the works right now.Since the investor is extremely busy and used to doing everything himself, I am working on gaining as much knowledge as I can on my own to invest myself as well as to create value for future JV's and partnerships.I found BiggerPockets from a friend at work who is in the process of flipping his first property.

I'm looking at doing the same although in Georgia but I suspect the process is the same.

We are looking for someone who would like to manage the process and in return get a cut of the profit.