If you want some guidance before then, try roosting with a topic of "need help with Arkansas tax deed laws", if it's in Arkansas, as all states have different laws, procedures and timelines.  

Power of Sale Foreclosure Guidelines If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed.

However, I am looking to take a more passive stance in the company to pursue some other things and need to implement changes to make it so it can run without constant input and decision making - need procedures in place.Also, it is worth noting that he isn't doing any of your large depreciating items - hvac, plumb, electric, roofing...

I HAVE A DEAL IN JERSEY CITY THAT'S READY TO CLOSE. THE BUYER HAS A LAWYER IN PLACE AND HE'S STATING WE NEED A LAWYER. OUR CONTRACT STATES "BUYER" WILL PAY ALL CLOSING COST BUT THE LAWYER WE ARE SUPPOSED TO USE HAS A ...

Hi @Leah Bonner and Account Closed-You need to research the laws in your state and the procedure for your county to answer this question.  

I've had some former students do live in flips to pay down massive school debt (the average dental student has about $300,000 coming out).  

I just joined this forum so I also wanted to say hi to everyone here and forgive me if I am not following standard procedure.

Is that standard procedure?

What is the exact buying procedure?

Overall, it was a good step.BTW; from the few tidbits I stitched together, a short sale has some certain procedures an investor should follow if looking to be successful.