Then in other circumstances, a bank will sell an REO to an all cash buyer such as myself, BEFORE they evict, and before they ever attempt to market the property for sale.

That the remaining principal continues to accrue interest on here second mortgage.You can make a demand for payment and go the foreclosure route or attempt to modify the note (which I suggest you do).

I'll echo what Minette said, but add that you shouldn't do a job change while attempting to refinance.

Does any body else feel guilty about running their real-estate agent around to look at low end properties and having them make countless low offers?

So I wouldn't even attempt trying to get the seller $$ as it could be interpreted as fraud.

Why would an estate choose to let a property go into foreclosure without pulling the property out or attempting to sell prior to foreclosing???

So far that's the only non PG CC that I have been able to find...most of them want you as the PG and any body else that is part of the Company that owns more than 10%.

I think it's best to give them your offer, then shut-up and watch their body language.

You identify some source of value (equity in the case of buying property) and attempt to purchase it at a discount to intrinsic value.

That is not to say that the buyer can't just decide that it's "too much trouble" to attempt to enforce the contract, but he or she would have the right to do so - and a signed contract holds a lot of water in court.Just my .02 :-)