I've been looking in my community local paper in the Legal Notice section where Pre-Foreclosure notices are posted.

I saw the notice of default and drove to the neighborhood and talked to the owner who happened to be in the front yard getting his paper.

I know what I say isn't the gospel but I have done alot of deals and without buyers ready ahead of time many of them would have been lost.

Also,I noticed that you would like to finance the closing costs.

In other states you only need to serve them with an eviction notice.

Since I'm assuming you're trying to sell us your system, go ahead and write up a contract stating that I will pay you the money for the course after I do my first deal, then I'll buy it.

Generally, except in Arizona, the property tax lien is ahead of the IRS lien.

Let the dust settle and then see what is out there for a primary residence.Side note: Notice how the mortgage brokers are competing for business and offering conflicting advice?

Now that the market has been on a down turn i have come across some opportunities to go ahead and buy bulk REO's.

notice the "$XX,XXX"...i think mike is located in Ohio.you might be able to make an $XX,XXX offer - but if you're located in say, Long Island NY - you're offer will have to be $XXX,XXX for starters...also - if you're in a place where the market was very good, sellers (about 95% of them) will be expecting A LOT more than what you'll be willing to buy it for.talking to the owners in person is definitely a good way - like mike said - once you've established the ballpark price you'll pay - otherwise, letters and driving to houses is a waste of your time, gas and ultimately - money - cuz it all breaks down to money either way.in my experience - letters of intent are a waste of time, especially if you're sending them to real estate agents.