The seller may well have had an incompetent agent or short sale negotiator, who wasn't keeping track of the foreclosure time line properly, or didn't get the appropriate paperwork to the bank.Just because the agent drops the listing price, this doesn't mean the bank will accept that price.

Rob – I have a saying I'm going to use quite a bit in my presentation at the BP seminar in Denver: "widen your horizons and expand your vision".

It has 2 BR/2Bth and I thought it would be a good investment because the price was right, it’s about a mile from the beach, and it has a huge back yard in case I later wanted to expand the house.

If you take the latter reasoning and set up a new company for long-term holdings I think it would be very easy to signal to the IRS what your intent is by taking title at the outset in the proper entity.

Either way ensure you cancel your contract properly if needed.

Did it complete properly?

I have been doing SFU deals with my dad and uncle here in west Texas, but I am expanding into multi family.

As we increase our crews, I been thinking about expanding our territority into Portage and Medina Co.

Is this not the proper way to look at this type of investment?

Advertising credit repair, check the requirements of being registered to do so.Maybe if they said, an opportunity to improve credit issues would be more appopriate.......Yes, I am a stickler for proper phrases, it indicates others know, that they are in compliance, that they have knowledge of the subject.....divides those who know and those who just try