If the owners or whoever may have a legal interest in the property still do not redeem once the notice to "Forecer Bar the Right to Redeem" is filed and placed in the legal organ, the Daily Report, they will have no more than 45 days afterwards to finally redeem that property, otherwise VESTA or whoever is the successful bidder, will get A SHERIFFS TAX DEED to that Property which is NOW legally owned by them--ALL Rights to Redeem have been forfeited at this point--- The new owners may then seek to get Title Insurance, keep it to own, rent, or plan to sell the property accordingly.

Rental market is still strong.Total invested(including any repairs) into a deal(watching daily) can be between 15-20K and can rent from $500 on up.

I've been trying to figure out a way to get updated Lis Pendens on a daily basis to try out Jeffrey's strategy.

Hello Llmar,I agree w/Jon and suggest start working w/a high volume reo realtor in your area...We offer investment properties in Memphis and Atlanta.

I would say to really look at the daily lives of anyone doing what your looking at to see if that is the life your looking for.

She doesn't have to deal with many daily chores, still has her freedom, and has people around all the time (friends, I mean, not caregivers.)

Definately want to look at volume purchase pricing with the volume of cabs, sinks, etc. you have.

I have been able to find information and resources on rent control and section 8 housing programs in DC.I have read daily DC newspapers, blogs, articles etc to get up to speed on re markets and political/socials issues in our market place (including Former D.C.

Daily or weekly rentals?

This was a favorite tactic for one of my clients and he was using this almost on a weekly basis.The reason I think this is such a killer strategy over many others is that HUD homes can be tied up for $500-$1000 deposit depending on purchase price....But the part that makes me smile, is that UNLIKE many other homes that you will be putting under contract....HUD is NOT IN A RUSH to have them closed....Since HUD isn't in a rush to get them closed this gives you more of a chance to market for buyers which is especially important if you're one of those people who was foolish enough not to have your buyers list in place BEFORE you started trying to do deals....On the HUD deals I've done here in Michigan, HUD doesn't require you to close until 60 Days AFTER they have signed the contract...In most cases that means around 70 days (That's a heck of a lot of time for marketing a home).The other major benefit to doing HUD deals is that if you're a person who can't make it out to look at homes every day HUD homes UNLIKE most REO's are run in an auction style bidding format with bids due daily at midnite and weekend bids are do on Monday....Meaning you can have the entire weekend to go look at HUD homes, at your liesure.HUD Assignment ProceduresFind your buyers ==> Put home under contract using your name or your llc's name ==> Use a “Add a buyer for financing†form and add your buyer onto the contract with you (Get you're assignment fee when you do this) ==> Have your buyer bring money to closing and both of you will sign paper work like in a traditional closng ==> Once the closing is finished and the hud agent is gone, simply deed yourself off the property...Leaving your buyer as the sole owner.Looks like they called my name, I'll finish this up later on....With TON more killer tactics.Eric Medemar