We're compiling a list of the junkiest houses and cross checking their status realty trac and property appraiser and have been sending yellow letters.First question, is it possible to contact trustee and make an offer? 

A book could be written as to the structures as you have many options, they can buy and finance and you contract, you buy and sell turn key, you can get the seller involved, do the work for them and flip the contract to an end buyer, partner with the owner and sell turn key, arrangements are endless.To structure it, you'll need to consider the buyer's position and ability to buy, they will be getting the end loan.Really boils down to financing, who gets the construction financing, does title need to pass  to do the work, where do you put your profit, again, the end buyer's ability to finance.You'd be selling from plans and specs, yes, you need a good down payment if the buyer is picking appliance, colors, materials as what they may select may not be as marketable if the fall out of the deal, you're stuck with pink bedrooms, green carpet, crappy ceiling fans and hickory cabinets.

There are a lot of developers and flippers in my area that put their personal touch on a project i.e. green front door, tiled accent wall, etc

@Shawn Green - Thank you for the shout out!

When cross referencing the allonges and assignments it confirms what was on the title search.  

Calif.) for my market these are the mechanics that have worked for me:•Establish the criteria for my previously qualified Buyer (REO’s, Short Sale, Price range, area, type of property, etc.)•Talk to Loan officer about: Down payment, Closing Costs, Rate, Monthly Payment, type of Loan. •Set up my local MLS with client’s criteria and the system will automatically select properties.•Revise properties manually and start showing to clients.•Once my client likes a property, then I work getting comp’s, client gets estimates for Repairs (only if property needs).•Write up an offer taking in consideration the points above mentioned, Lenders in some cases are asking for cross-qualification, before submitting an offer.•If offer ends up as one of the finalist (only when the property is price right), Lenders gets back with a Counter Offer and Sellers Addendums.•If your Agent keeps communicating with Listing Agent and responds fast, then you’ll get your offer accepted, after that time to get in Escrow.You may need to call local Buyer’s agents before you decide.Noe R.

Some of them will take the standard contract and cross things out, add stipulations, and/or add addenda, and if you don't submit the right contract with your offer, you risk having the listing agent or the seller not even consider it.I would recommend doing one of two things (in this order):1) Find a buyer's agent to represent you, someone who is experienced in offering on REOs and who can guide you through the process; or2) Call the listing agent for the property(s), and have him/her submit the offer on your behalf.

I will of course continue to read the other posts on this forum, please forgive my posting if it seems a bit green.

Why look at dirt when you could just take the green side?

Hi everyone, I'll be quick, but my fiance has a house in ABQ new mexico that she is renting out, I didnt think about it til now, that maybe if we sell that, we could have enough to start our path to investing. Thing i...