Originally posted by "swgprop":… your lender has to be willing to accept a deed in lieu of foreclosure… … you can't simply mail it to them or record it…Yes, they do need to be willing to accept it… The reason they would not accept it is if they felt they could get money out of you… Or, if there were other liens they would need to foreclosure off to clear up the title… And technically, you could just prepare a deed, record it, and mail it to them… It does not take the person that is receiving the deed to sign anything in order for title to be transferred… Hummm… Interesting, wonder how many times this has been done?

It can definitely be done, but it's also a lot of work preparing the research for all of the properties.

He will have a lot of paperwork to submit that needs to prepare.

I'm preparing for the tax sales in my off time right now.

I appreciate the link to the other thread that speaks to preparation with the homeowner but I really wanted to understand how to put together a good short sale package with the lenders.Q

That will at least get you a call when they are ready to prepare the title for sale.

I think I have been preparing myself for some time to drastically change myself and have been waiting for the right time.

Take the time to be prepared for the interview and you will certainly have a more successful session.  

It's a crap shoot for you.That's why a buyer needs to be prepared to payoff that obligation at any time, by refinancing or a sale if you don't have cash.

If you want to be a successful buy and hold investor, make sure you are prepared to handle the following elements of rental management:AdvertisingTenant ScreeningLeasingRent CollectionMaintenanceAccountingTaxesIf you have a pretty good grasp on how to do all of the above you will be successful.