For businesses that do not have a group plan the state will sell a solution.

More seller financing is one solution.

I said nothing about you by name or reference.

They bought into a game they could not afford to play in the first place and a 1/2 point off the Fed Fund Rate is not going to help them.Good Luck,JasonTo extend your point Jason, many of the mortgage solutions are tied to the 10 year treasury so a Fed rate cut matters rather less.

The lady continues to control the home and live there but the value and the appreciation is not fully part of her estate.The simplest solution is to write a check and pay the bills.

If I don't have any reason to think it will have problems, I begin to market the property immediately.In reference to property inspections, many property inspections will not be able to be adequately done in a wholesale deal.

If you happen to find the owner and are the only one presenting them with a solution to the problem they might take it rather than wait for the next offer.The compromise is to try to outsourse the search to someone who you can hire inexpensively.

thank you both for your wise words, well anyway i guess i'm just so anxious to do my first deal. especially a deal like this were the homeowner is in distress and states to you how much equity is in the property (i know i'm a beginner, but i don't see how he'll benefit by lieing to me about the amount of equity in the property, because he already stated he doesn't want to sell the property, and i already stated to him i'm gonna view the property/mortgage paperwork)well anyway i must say i agree with you both, from first look it seems the best way to do this deal (thats if all the number are right) will be to purchase the house for the amount left on the mortgage, and give them moving cash and etc (this way i'll have alot of instant equity within the property, which i could either wholesale to another investor or put it on the market at a small discount and sell it retail because of the properties perfect condition, then i could even try a short sale to build up more equity to make the two above tactics more profitable for me)now the only tactic i can think of that would work, were they will get to stay in there house and will be profitable/beneficial to me as well is to then purchase the property real cheap (whats owed on it) and offer to lease option it back to them at a higher interest rate and at a higher property price, but i think this tactic will be risky with this individual because of his credit and the nature of work he's in (construction were some parts of the year your without work and tring to collect unemployment) so this is what i plan on doing, i first plan on putting together a list of questions i must get answers to at the tuesdays meeting i plan on having with them, then i plan on explaining the whole foreclosure process to them and the uphill battle they face (which i hope will change their position about not wanting to sell their house under any cumstances), then i plan on making a smooth exit and letting them know i'll be back in contact with them to let them know what i think their best solution is to solve their problem (this tactice is to buy time, so i can really cruch the numbers and speak with others to really figure out the best win-win for everyone, thats if their is a deal their)if anyone has any other suggestions please let me know

The more rehabbing they need the better...I love that type of work and challenge.Thanks much..If this has been asked and you can refer me to an old thread I apologize in advance, feel free to do so if necessary!

Seems a little funny to say "prettyhouse", three times, with no space if he was just generically referring to houses that are move in ready.Jon