Are you confident that the firm will structure the offering properly to be both legally compliant and marketable?

This is pre-foreclosure, they are just doing it to cover themselves legally on any possessions left inside.

The quickest way to get out of this jam is hire an experienced property manager which normally cost 7-10% of your monthly rent and let them handle the legal garbage.

Dobbs said, they have more important things to do than accelerate a loan, with a huge public inventory and an even larger shadow inventory of homes.As a few of you said though, one should no rely on their ignorance as legal grounds to not protect oneself or the seller in case they choose to accelerate the loan.

In the realm of tax savings strategies and methodologies that are approved by the IRS, why would anyone who owes AND pays income taxes NOT do whatever they can to LEGALLY mitigate them?

Here, two layers are legal, but I'd never do it, nowadays you want (and its code in a lot of places) to use Ice & Water shield under the shingles in some areas, and that needs bare sheathing.

Well, you might need to be a broker to have a legal management company.

Thank you Michael, Brian, Kathy and James for the warm welcome :)After doing quite a bit of research, taking courses on all the different types of strategies, legal advice on the vast pitfalls of real estate investing, negotiating, etc.

The owner of the house is still on the deed and that person is the only one that can deal with you legally, unless some waivers are signed.If the property has been foreclosed on and bought back by the bank at auction, the bank can deal with you but may have already signed an agreement with a Realtor.If you have a good relationship with a local bank they may offer you the chance to buy a property before they list with a Realtor.

The agent is legally required to submit the offer to the seller for consideration, and if the seller chooses to make the bank aware of the new offer, that's his prerogative.If the agent refused to submit the written offer to the client, speak with the agent's broker...