This was just my opinion and I would never recommend defrauding anyone but that is how I would see it.

Incidentally, the current property manager employed by the current owner has agreed to stay on, so at least there's continuity...Opinions anyone?

The cream is going quick.

YOur best advice on how to structure this is from your attorney, not from the opinions of others on an open forum, myself included.Good luck to you.By the way, grouping funds from a few individuals to create a larger purchasing power is a great startegy when used legally and properly, such as with an LLC and O agreement.

Just wondering if anyone has experience with the deed in lieu of foreclosure process and what the general opinion is.

You get quite a bit for such a small amount of money, in my opinion anyway.

Does anybody wont to share the opinion what is going to happen?

Forensic loan auditing is a bad move, in my opinion, because once you call out the legal dogs, the lender is defensive, not cooperative, although the lawyers say otherwise, of course.

I've had many of my past borrowers as well as prospects call me, and ask my opinion of REO property.

In my opinion, it would be shamefull to charge such a fee.