Also the property is a bank foreclosure that they said will not be on the market for another 2 weeks.

It's already in foreclosure.

They say they will GURANTEE removal of bankruptices, foreclosures, late payments, etc for hefty fees.

Here's the deal.I called a law firm toask them if they could represent me in obtaining"excess proceeds" from the tax foreclosure sale, butthey told me that only the former owner is entitled tothose proceeds, is this correct?

He's doing foreclosures (rehab), short sales, long term rentals, etc. all at once.

Others will have stretched too far and you will lose the value of your 2nd if there is a foreclosure.

We are interested in cleaning repos, foreclosures, trash outs, etc, for real estate companies/banks.

If they can get paid off from a sale at a foreclosure auction they are all too happy to be paid off.If the bank gets back an REO that means there was no one bidding at auction other than the bank.

I saw a post on our local board from someone who suggested it for finding creative ways for buyers with little to no equity....obviously a big share of our recent foreclosures.

Some want to chase foreclosures while others are thinking being a bird dog is best.