It will all be ok.b) Go to www.mycorporation.com and get your LLC formed.c) If you buy the house before the LLC creation is done, when the LLC formation is complete, go to your RE lawyer and ask them to "deed the investment property over to the LLC".

The listing says cash only or 203K rehab loan due to the condition.

Wherever I read Sheriff sale terms and conditions it says tax liens are wiped off and the rest is winning bidders responsibility and risk.2.

I'd rather not go to a lawyer at this junction...don't want to waste any money.Eventually I'll go into more detail about what the site is and what we will offer.

Does anyone think this is sustainable growth considering the conditions I have talked about earlier?

My broker also creates a letter to the borrower that summarizes the terms and conditions into more readable English.

Might be worth your while to have a chat with a RE lawyer and find out the exact process in your area.

Unfortunately, there are some real bad deals here in Memphis.I must get a call a week from an investor that is from out of state that has bought a property from one of these groups that was way overpriced and not in good condition and most likely in a war zone.

Not all lawyers are willing to divulge the information considering that it is within the "lawyer-client" confidential matters.

Insurance companies may be involved, and may pay a settlement to the lender for the damages, once the two of them agree on an amount.If this was a desirable area with sales going on, I would say the house would end up selling for something near its retail price in good condition, less the cost of the repairs.