If it's truly an REO, most of the discussions here led me to believe that until it's listed by an REO agent, there's little chance of getting a reply directly from the bank.  

@Jon Holdman Thanks for replying!

Hello to all that reply.

Will I be overwhelmed?

I have a tons more questions I have but these are the main ones I currently have.I would love to get in touch with anyone in Orlando, Florida who is willing to be a mentor figure or just a wall to bounce ideas off of.Thank you for your time reading this wall of text and replies :D

Thanks a lot guys for the reply and keeping the conversation going :)In last two to three days have met lots of good people here and started good relationship !

Thanks for all the reply, I know the best way to get the best answer is to ask a CPA but the one I talked to have no answer for me - she only told me "depends on the just situation".To clarify a few things to make my point/question clear. 1) This is all done by a Corporation - NOT as a person/individual.

Thanks everyone for the replies and advice!

Thanks everyone for the exceedingly fast replies!

Hi Mohit,Thank for the reply.