It's in both agents best interest to attempt to over inflate the purchase price!

I too would take advice from that fine list of people, but would not from someone like R Allen who offered to teach me for a fee something that did not work for himself.I suspect several of Rowland H Macy's contemporaries probably said the same thing, since it took him 6 failed attempts to get to that 7th winning one.

If I were you, as long as it is a property that looks like it will make money for you, attempt that short sale.

Failed landlords will often attempt to fill their units with anyone that has cash and they obviously don't screen them properly.

I would require the sellers of the toxic mortgages to send out "Good Bye" Letters to each payer and attempt to get estoppels.From there you need to send out letters introducing yourselves as the new note holder.

I am going to try step by step attempt to answer your questions.

The real estate invester takes the property off your hands that apparently no body else wanted that bad yet.

It may also take some time as a "legal add" may be required in the local newspapers to satisfy the requirement to make all attempts possible to contact the offending parties that have caused him harm by not allowing him to sell his home due to their actions.The lawyer is still your best avenue.

I'm not one of those guys who expect people to throw money at him by asking over a forum, but i do absolutely want to to drain you veterans of your infinite knowledge.Any body live in LA or San Fernando Valley who knows some good networking events or investment clubs that focus heavily on COMMERCIAL.

Thanks for listening.Some quotes I live my life by:"Impossible is nothing""Pain is weakness leaving the body""If you don't like the program you're living, you're free to change the channel"