How would the mortgage products be for a secondary home since it would be my Mother and myself on paper for the loan and we both live in separate states from the property.

I emphasize the "intangible" parts of the units - walking distance to charming downtown area, private porch in the back for those quiet evenings with a cup of tea and that special someone, etc.

Welcome to the site.Where are you from and what do you specialize in?

I am a investment real estate agent so I see a lot of these type of deals go across my desk everyday and what I would recommend is that you evaluate several different product types for example apartments, retail (shopping centers), office, and industrial properties.

I will be e-mailing you with many questions.Am I correct in thinking that real investors do not buy real estate from the local Broker but look for special deals?

Realtors are considered "experts" and they shouldn't be trying to negotiate preforeclosures because that might end up with you in court.The truth is that investors can really make people happy by solving their problems while still putting a little coin in the piggy bank.Remember: the purpose of bankruptcy and foreclosure are to minimize losses to lenders while redistributing assets to make them productive again.

Nothing special.

We could have used other loan products without that requirement but they wouldn't have met our needs.

Then they call up a real note-buyer (one of the companies that specializes in them) to see what they will pay for it.

There's products available for good credit whereby one can qualify for the completed value of a project.