I have been looking into buy a foreclosed property and most things I have read say I should get pre-approved before bidding.

When invoices are paid to contractors for the hard costs, usually the developer requests a release of lein to be signed that is approved and inspected by all parties including, the bank, bank inspectors, county attorney, title company, etc....This release prevents any files, leins, or judgements to be placed on the property after substantial completion.

Suprisngly, I found about 10 lenders who offer the program through our company.Let me know if you have tried this program and what your thoughts are on it.

I did a search on google for real estate netrorking I figured maybeI could expose people to an opportunity in real estate I amcurrently working with NATIONS FUNDING SOURCE GREAT FOR PEOPLE NEW TO REAL ESTATE I FILL OUT MY PROFILE AND POSTCOMMENT EXPLAINING THE PROGRAM AND SAY ITS WORTH AT LEAST CHECKING OUT 1 COMMENT in each forum that i felt people could benefitfrom IT I AM WAITING FOR REPLIES AND GET 1 SAYING I AM SPAMMINGWHATS THE POINT IF YOU CANT REACHOUT CAN I GET SOME CLARITYI SAW MANY PEOPLE ADV.

It's just that your rates will be higher.Bottom line: anyone, with any amount of cash and any credit score can get into this game... but the question is how much interest are you going to have to pay for the funds and how hard is it going to be to find the right lender / program?

The lender should be loaning based on the buyers credit worthiness and the property LTV, not the chain of title.Its called a double closing, and not only do we talk about it in print, some of us make a very nice living doing it.The reason mortgage lenders are getting skeptical in their lending practices is because of the all the creative mortgage programs being offered by lenders.

I'm interested in services that any of you have used to keep in good communication either VIA email, message boards, efax, database software programs?

I was thinking maybe they would take a low ball offer since its such a weird layout and the city was crazy to approve it.

I wouldn't have necessairly approved these repairs and they had no right to spend this money on my behalf.

3. once you are high bidder on a property is there a certain time limit that you have to have the loan approved for or do you have to be approved before you go ?