You get a binder from that prelim and use it to give your new buyer a policy.Lender than forecloses and buyer submits claim to title company who accepts coverage.

This property is due to go to auction on march 18th so I submitted an offer today for $90,000 cash.

@Daniel Ryu These were really rough calculations using the 50% rule, I use the same sheet (a little modified) but I only crunch down the real numbers when i'm in the final step of my due diligence right before submitting an offer.

Anyway I hate to give the shameless plug of my self but if you go to my blog and submit your email address into the box.

Another method to working with the listing agent is to submit your offer.

All you need to do is to submit one offer through and agent and you now have a photocopy of the offer that you can copy the verbiage.Regarding your clauses, well...#1 This will make buyers nervous.

In my state we have to give 5 days letter when a tenant is late and the key is to submit court papers right away if no payment received.

I'm wanting to start submitting some cash offers on some properties that interest me.

Back in November I submitted an offer of 105k on a short sale in Richfield to Wells Fargo and the listing agent.

After that, you would submit the proper documents to the IRA custodian for an earnest money deposit.