Same here, I dont know of any reo agent in our multi county area that will accept or submit an offer without a proof of funds letter, earnest money is not typically required until the point the bank accepts the offer.

In other words, what happens when a bank, or county, puts up a house for auction and it doesn't go?

I know that business licenses are usually speciifc to you city/county.

The county also has its own MLS separate from the rest of the state which limits "outsiders" from seeing what's going on.

I was unhappy- the appraiser said she'd finish the report up using 2200 sq ft, but they'd need the permits (which don't exist)-- we're now talking to the county about getting the house inspected and getting it squared away but it's turning into a nightmare.

Montgomery County has some great areas that are more reasonably priced than NOVA...

There was a house that came on the market that I went to view and saw it had a notice from the county that said it is not fit for human habitation.

Know the eviction process and duration in the county you are buying.

The assignment and partial purchase agreement are recorded at the county seat where the property is located and protects my remaining interest in the note in the event of default or early payoff.Yes, there are risks, you need to be sure your investor will work with you in the event the note goes in default and you have enough the capital in your IRA to fund the foreclose subject to your investors remaining interest.I found this note brokering technique to be an excellent way to direct profits to a tax-deferred or better yet, tax-free account (Roth) with minimal investment of cash from my pension fund.

Does anyone know how long does it take for a Balto County (MD) judge to sign the decree?