Came across this ad while looking for rent comps: http://baltimore.craigslist.org/apa/2588121845.htmlRenting a place to the first starnger, then evicting, not wanting to clean/fix/paint/replace carpet; Then renting the dump and then evicting, not fixing/cleaning/paintin; Renting as-is, evicting......

All liens, claims, etc are paid off and/or protected against, so basically you're getting a house with a perfectly clean title and no liability issues (there is always some risk, but no more with an REO than any other property you might purchase).- Generally, REOs are going to need more renovation than a house you purchase from a retail seller.

I've seen a few but with the clean up I'm not sure if they're worth it.

I must confess, I thought this topic would garner a lot more interest....Surely there are folks on this site who are effectively using private lenders for loans of 5+ years to finance your buy-and-hold rentals?

It was a clean way to do it w/o involving either of our individual LLCs.

The problem you are describing is the effect of countless possible causes.

., 752 A.2d 1222 (Md.App.200 0).The issue in this case was whether a title insurance policy continued in effect for property transferred by a husband and wife to their wholly owned LLC.

Steve's idea will likely not fly as the end buyer likely has a lender and lenders will not usually loan without a clean termite report.You have just learned another valuable and costly lesson taht $95 could have saved you.

This is an effective way to market that is frequently forgotten.

That way you would get the effect you want (loosing the dude-n-dollas) yet not impose any more requirements on forum participation.