It seems like a win, win, win situation for everyone.Ah, but we have often heard that all that glitters is not gold, so what is the problem?

I have "learned" a way to do this and will put it to use very soonI go to my countl FC auction once every 2-3 months to meet potential PL's, networking, be on top of winning bids, etc...and one way is to approach the attorney representing the lender and ask a few questions...if a particular property that you may be following did not sell, you can then ask him/her who would be handling that REO back at the bank.

Supply and demand, and you are the demand - there may be a crap load of available houses, but if you are one of the only buyers, you win.

If you are going to throw the dice just once, you are equally likely to win as you are to crap out.

.); and, even if CA common law recognizes Promissory Estoppel - it all still comes back to - how much are you willing to spend to get that $1k back.There are 2 legal requirements to "win" a lawsuit, and there is another purely practical requirement to "win" a lawsuit:1) Legal Requirement - someone performed, or failed to perform, an act - and the performance, or failure to perform, such act allows you to sue that person;2) Legal Requirement - The act, or failure to act, caused you damages that can be compensated; and,3) Practical Requirement - the defendant actually has the means to pay the judgement, and taking into account the cost to get the judgment and collect the judgment, the amount of the judgment is worth the expense....You will have 1 & 2 if the seller cannot deliver marketable title, but you will not have 3.

So my guess is closer and cheaper wins.

In that case, you could go, bid and try to win.

Originally posted by Scott W.:in

Bob Shome When you figure out people, please let me know, I want to learn so I can go purchase the winning powerball ticket!

If I receive a notice that someone is suing me for a sum of money, that is a contingent liability, contingent upon them winning a judgment I will owe that amount at which time it becomes a liability.