The seller _can_ win and get the house back and the investor loose all they've put into it.Experienced investors who specialize in pre foreclosure have 2 pre requisits for working with a seller in pre forclosure:1) yes I will agree to sell my house, leaving the mortgage in sellers name allowing the buyer take over paying their mortgage.2) (the killer) Agrees to move out PRIOR to closing which means PRIOR to the auction day which often is days away.A partner who specializes in this has a hard and fast rule:  To be considered a possible deal (the numbers all make sense of course) the seller MUST agree to #1 and #2 no less then 7 days prior to the auction.   

@Patricia Since fha are low down payments of 3.5% and up they will be very difficult plus you are living in one unit that means you are loosing income from one of the units.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.

If I were required to give 30 days as contract states, I'd wonder if it's feasible to wait to month 7, even at this pattern, that way I will not be on the hook for any fees in breaking the agreement, if that's the case (bound by the agreement, even if not collecting utilities to reimburse to me).They've had some other mild gaffes (communication, errant charge for landscaping I never authorized, never reimbursed me the small charge, large lapses in communication response - most recent was 12 days, and they only responded when I mentioned this fact) ... many things are gradually adding up and overall it doesn't look too good on their end.Any suggestions as to how to go about this???

Your broker is bound to you, but also bound to a set of industry ethics.

The article implied that landlords don't apply the same standards used by banks, maybe on purpose, rented to uncreditworthy tenants, who's bound to lose their homes in these cases.

About me:
I am attached to a military man, Chris, in San Diego (renting) for at least the next 4 years. Chris and I are both 34-year-old DINKs looking to start a family soon. After listening to BiggerPockets Money an...

The other advantage I see of lower debt / LTV is that in a downswing I think we're more likely to be in a better position to buy AND to withstand the pressures present.I've read others here see it the exact opposite way, and I honestly don't have the experience to really 'know' - meaning, I've heard the opinion that a bank is more likely to call a commercial note in a downswing with 50% LTV because they have more to gain (equity) in taking control of that house with higher equity, vs. the 95% LTV house where the bank has more to loose by taking control of the asset.

The reasons you are seeing some people say that they use PMs are probably because they are out of state or really far away from the property and/or they don't want to hassle of managing properties and hassle is very loosely measured here as it is different for everyone.

The machine is free if you buy enough loose insulation, and with 2 units you’ll probably need enough.