Please give a detailed guideline as much as you can.

An REO is Bank Owned asset and is no longer a type of paper product,Non performing, scratch and dent and performing loans are sellable but are quite different from an REO type of saleLoans have a much greater due diligence effort as each hard copy of a loan is detailed with section 32, TILA, Note Riders etc...

Sasha174,In response to your questions, can you provide a few more details?

investers sounding desperate or motivated to buy on here are posting on here what they want to buy in detail, but, i get great deals, exactly what they want, and then ???????

Good location, some rooms are in decent shape, Craftsman-style details throughout.

Waiting to inspect every little detail can often result in losing the deal to a more confident investor.

Haizlip, thank you for your detailed reply.

I'd rather not go to a lawyer at this junction...don't want to waste any money.Eventually I'll go into more detail about what the site is and what we will offer.

It seems like a simple process - can you suggest some details that I may be leaving out?

I did run across one that said 3 years, but didn't go into much detail.