Is the title always clean?

Maybe I am too fearful but I don't see anybody on these boards talking about the credit crunch much and how it will effect their ability to resell the homes they are trying to SS.Or else, you somehow think these lenders in trouble are going to help us SS investors get more deals approved.

Is this where the term assignment of contract comes into effect when birddogging legally without a liscense???

If you have low-income rentals, I would make them safe and clean, but not much more.

Even now, if they have equity they probably can clean up a foreclosure....at least temporarily.I know not everyone is smart about their finances.

But, it is tough to have a working relationship with a person that may only be loyal to profit, and not you, their (in effect) partner.

This doesn't mean we've hit bottom - the credit crunch wasn't in effect in July.On the other hand (and yes, I'm a positive thinker to a fault - I drive some of my colleagues crazy), I look at it this way: If foreclosures and home prices continue to get worse (and that may well happen), people are still going to need a place to live.

House on market for 55,0003bed/2bathNo real repairs, just cleaning/paint.

Effectively you are selling some equity and using an option agreement to do so.

Bandit signs aren't that effective for getting more investors.