You will find a lot of info on DHCD's website in terms of the mediation:http://mdhope.dhcd.maryland.gov/ForeclosureMediation/Pages/default.aspxI never wouldnt give up.

In turn (if it's at all legal for me to assume a modified loan, I will rent it out at the rates listed above.Regarding the back taxes the bank has paid her back taxes I believe 2 years ago as the home was in risk of going to "tax sale" (I've already verified this on the Los Angeles County Property Assessor website).

Yeah, little know, but Obama hand selected every single federal employee the first week he took office.

A lil background on me - I've been doing websites for over a decade, got burned out, so am not pursuing it hardcore like I have been, so have been doing something else I've been enjoying, and that is buying/selling collectibles.

In this case, the consequences are that you don't have a financing contingency period, and in some cases, you may piss off the seller.It's only happened to me twice, but two times I've had the REO seller (once FNMA and once Chase) come back after I've marked "Cash" on the addendum and not lot me finance the deal because I made that selection.

I've been looking at a sample rental contract that I found on this website (though, oddly enough, I can't find that page right now...).

If there are specific websites you use to find where you want to invest I would love to hear about itThanks in advance

Next time I will control the selection of the contractor and verify the issues myself.

Throw on top of that your involvement in the tenant selection process or actively engaged in rehabs by purchasing fixers that you make ready to rent.It is not necessary to manage your own properties, but it makes it easier especially when you only have 1 or 2 properties.Bottom line is it is a judgment call what level of activity constitutes "regularly involved."

However, that will put me above the 4 loans that most lenders will finance.I saw on another BP thread that someone suggested checking out New Penn Financial since - according to their website - they have a real estate investor loan program which allows you to finance up to 20 properties.