Play with the numbers on http://truecosttosell.com/It's shocking how easily you can loose 19+% in a traditional sale.Not sure how one markets for under water folks but has lots of cash and has to move bad enough to give all that cash to you vs just renting their house themselves.

Unfortunately for a lot of people, they're not aware of their record status and situations like this are a total shock to them.

Then, once you've narrowed them down to say 3 or 4, go ahead and have a preliminary meeting.

This is SHOCKING to see.... whether it 8% or 9%, it is very high by my standard.....I would imagine with the tight underwriting, delinquency would be at 1% or 0.5%......

However, the place did have lighting issues, so it was not shocking the prior owner went that way.

Also, low income families are usually the most effected by economic shocks.

They're shocked when I tell them they can't evict a tenant in a multi to use the place for themselves.

I will contact a appraisal and get a preliminary appraisal.

I live in NJ so i was shocked to find out how much the agent wants to handle finding tenants for my units.

When the tenant is "shocked" that he actually followed the policies laid out for the tenants in the lease, they either bring the full amount owed to the office including late fees, court costs etc in cash or money order, or the eviction process continues.