We are planning on 'saving him' for when we might identify another porperty at say an auction where we need funds ASAP and can then refinance to pay it off.The other restrictions that I have found from the big national guys is that  they dont like to lend under 50K, require 30-40% or more down, dont like building pre 1950s or so, and dont like houses that have been converted to multifamily - they in essnece want a property that is easy to sell if they have to foreclose since that one property is their only recourse.Hope that helps a little. 

I have a land parcel in the area of Richmond , VA , which i bought in a tax sale for a good price , it is 6.4 acres lot zoned residential in a great location surrounded by built houses also but needs and easement, i did the research for it how it gets solved , and the most convenient solution for it is that There is another 0.5 an acre adjacent to it , was already part of it and got separated by the old owner , which gives it an easement easily and that makes the whole lot easy to have other utilities based on the county opinion after talking to them and discussing that option , that parcel also past due on taxes , owner dead and heirs do not care about it and it is in the process of going to auction GOD knows when , but i assigned that case to a lawyer who had that case for almost 5 months and did not do anything to it after agreeing on filling for an easement by right through that adjacent parcel He did not seem to been working at all and i need to move the case to somebody else from the area who would start working on and has passion to do it ?

FIRST - YOU need to have just a few of my credentials - 74 years old - in real estate and development for 48 years - a Mason - auctioneer and full time investor.If it is OK with you - this is how we'll work - I will give you instruction on how to develop real estate leads - the leads call me or you - I interview the lead and determine from their answers if their property has any EQUITY.

Brokers, Auctions, Banks, etc?

How long do the auctions run, and what due diligence is required. 

It could also go to Auction, but generally the Bank will buy it back.  

That about sums up the situation right now, in my newbie opinion.I primarily focus on purchasing foreclosure properties from the Hillsborough County auction.

My business partner and I are completely new to RE investing and decided to attend an auction on the Courthouse steps this morning.  

I'm looking at a 4plex that is scheduled to be auctioned by a Trustee in Nov.

Does anyone know if in Maryland, for the auctions that happen on the county courthouse steps, have the foreclosure deeds on each property already been executed or is there typically still a waiting period to have this done?