And actually, if you buy title insurance through that attorney, the legal guidance is extremely cheap.You know, you would be amazed at how far you'll get if you just pick up the phone and ask an agent to show you a few properties.

•May need to produce a tax return for Estate taxes•Has been left a nephew who is 14 years old•Doesn’t have the money to pay for legal services up front and would need the costs to be charged to be taken from the estateBob would prefer to stay in the property but would be prepared to move out if absolutely necessary.I’m thinking that I should present Bob with 2 offers.

Legal paperwork must be accurate and done by a lawyer.

what are the legalities on the way fees are paid on an reo transaction?

The last is not very good for you and could legally impact your ability to work on the property.Assuming the seller is not a bank then they have a problem property.

Just because you did not get a ticket the last time you were speeding does not mean it is legal to speed.

You will also have management (even if you do it yourself), maintenance (even with new rentals), advertising, legal fees, entity maintenance, evictions, court costs, damage done by tenants, utilities (at least during vacancies), etc, etc, etc (I could go on and on).

:cry: Also, the fact that Wells Fargo is asking you to sign a legal document is troubling.

We have not tackled this problem but we have one deal working which involves 400 ish completed, a few needing guarantees of completion and legals with depositors, at an average of $320k.

We had a guy in NC who would refi all of his elderly family members every year or 2 and max out the fees he could legally charge every time.