Based on the market, there' s no rush!

@Ron S. even on the  day of the auction? 

I plan on a telephone conversation to make my offer & mention the contingencies I require, then, if accepted, following up with a Letter of Intent that puts in writing the details (including the subsidies he's offered and the good faith deposit I'll provide along with a signed/accepted P&S Agreement).Finally, as you suggest, I'll try to get a referral to a R.E. attorney.Thank you SO MUCH for all your help!

lets say the house is 1000 sq ft, is it a general rule of thumb to say $3 per every 100 sq ft worth work calculated in their #'s?

Many REO listing agents have modified versions of the P&S that they use, and won't accept a standard P&S.

Are you willing to help other s do the same.?

Originally posted by Jason S.

Or better yet find someone who has any personal experience with the COB Sale, or anyone who may be interested in a joint venture.As I understand it these properties will be sold free of any outstanding liens, for the greater of 20% or $500 down and the balance due approximately 6 weeks later.I have completed some research/due diligence on the properties that are in the neighborhoods that I am most familiar with and there looks to be some nice ones still on the list (owners have until the last week in Sept. to petition the City to remove their property from the list).Things that I have completed in researching the properties have been:•Current owner(s)•Property class•Tax Value•Last sale price & date•Drive-by/visual inspectionIs there anything else that I should consider trying to determine before the sale?

I would like to find Sellers who have completed loan modifications with attractive interest rates that are fixed. I have seen some loan mods listed in the documents of homes going to foreclosure (2% fixed for thirty ...

Same Old S$#% at the beginning of the month.