The Government is going to make an offer to purchase all the properties in order to sort of stabalize the effect of foreclosures on the Banks.Has anyone heard something similar?

I was also wondering if the presence of effective public transportation 2 minutes away will influence the price upwards more, with gas prices as they are (we pay close to 6$ a gallon here) and looking like they will keep on going up.

The whole transaction is handled by a title company, and they do the recording.There's typically also a promissory note and that is not recorded.

Late or missed payments can create negative effects on your credit profile as do long-term balances on your account.

I know leverage is the key to making money, but my other goals in buying investment property are:1) minimize transaction costs2) being able to close quickly to get preference when buying REO's.Currently own my house free and clear.

The next plan of action would be to talk to professionals who will make this deal a reality.I think the key will be to build a quality team to navigate this first transaction, (and possibly future transactions.)For my specific situation, I want to invest property out of state.

Can you provide more details about the transaction?

A Good realtor can educate you and in the process, expose you to 100% of the market place, to include FSBO.I agree with your innuendo though, a bad realtor actually has an adverse effect on your transaction.Find a good realtor that knows REO and knows negotiating.Good Luck with the property!

You wonder how effective these are if multiple investors have the same web sites in the same area.

I just received a call from my banker telling me that this policy would be effective on June 29 2008.