I try to do my research before posting anything as I don’t want questions to be redundant or something that people have talked about already in great detail, however I could not find the answer I was looking for.

He also has a great BP podcast that explains this in more details, I believe it was podcast #48.Best of luck to you!

Second you can pay a search company to find out all the details you need to know, but this is limited to a certain % of accuracy and option 1 is your best bet.

I needed someone to simple out the process so that I could go in and add details as necessary.But now I have a good flow chart to kind of go off of and just deal with the curveballs that come my way.

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Assuming you try to work the short sale (by the way if you are not good with details and negotiating don't bother because SS have a lot of details, negotiating, paperwork and follow up) the bank is going to want to get a BPO or an appraisal and if that comes in at anything close to $350 I think your deal is dead.

That also gets recorded to make public the fact the lender has an interest.There would typically also be a promissary note that has the details of the loan, rate, terms, payments, etc.

With less effort than posting on these forums, you could call and get the details.

You'd give that to a title company who can work through the details of the transaction.

I love TX for investing and would like to know about these properties you are looking at.I am a full-time professional RE investor and perhaps we could set up a JV, a birdog fee, an assignment fee, or other arrangement and do these together.Contact me so we may disuss this in detail.