Most liens are removed at the foreclosure sale (at least that is the intent of the bank, and the courts for the most part) before the property becomes REO.

Maybe I am too fearful but I don't see anybody on these boards talking about the credit crunch much and how it will effect their ability to resell the homes they are trying to SS.Or else, you somehow think these lenders in trouble are going to help us SS investors get more deals approved.

I've had to remove 7 posts from this thread because they were wither pitches, ads, or they just were completely off topic.Please keep to the topic at hand or your post will be removed.

Is this where the term assignment of contract comes into effect when birddogging legally without a liscense???

In some cases there were doors that could be locked or a wall that could be added or removed.

New hardware on kitchen and bathroom cabinets is also cost effective and looks great.

But, it is tough to have a working relationship with a person that may only be loyal to profit, and not you, their (in effect) partner.

This doesn't mean we've hit bottom - the credit crunch wasn't in effect in July.On the other hand (and yes, I'm a positive thinker to a fault - I drive some of my colleagues crazy), I look at it this way: If foreclosures and home prices continue to get worse (and that may well happen), people are still going to need a place to live.

Effectively you are selling some equity and using an option agreement to do so.

Bandit signs aren't that effective for getting more investors.