But I haven't yet decided whether I'll attempt a cash flow play by renting or short payoff with the lender.

I am attempting to refi under HARP which allows 105%.

Also, if I want to do a "subject to" deal with someone that is facing foreclosure, but the auction has not occurred, can I still attempt to buy the property directly from the owner if the numbers work for me?

I'm a big believer that you should wholesale first before you attempt to flip.

On September 7, 2005, Lagow wrote the following: “In summary: We have a clear attempt to control the market- utilization of one appraiser, a refusal to supply data with outside appraisers, and the appraiser of choice is being paid a fee abnormally higher than what we pay everyone else for the same work.

@Eric Rohver - Is this a 'one-off' attempt to find a deal of some sort or are you beginning a campaign to locate vacant, unwanted properties with equity?

These are the main reason I was planning to buy a sfh and rent out a room or 2, the sfh in my price range are in decent shape and I would feel more comfortable about assessing the problems and attempting to repair them.

Now some think that asset based lending is a backdoor attempt to acquire assets on the cheap in the event of a borrower's default.

Being based in Santa Barbara may be somewhat of a disadvantage as an investor if you are attempting to buy product in your backyard.

Hi Robert Lapp - I like your approach, your attempt to connect with them on a personal level.Since we're just talking about 1 house here, any reason you wouldn't just knock on the door, introduce yourself, and give them a business card?