Do I have to have the sellers fill out an authorization to release information for me to call their bank to request at payoff?

Also, an LLC does eliminate self-employemnt tax compared with an S-corp where you must pay yourself a reasonable salary which would include self-employemnt taxes.

I deal primarily with REOs working with clients on the purchase of them (About 75% of my business).Banks and AMs have a process they use to look at offers, some pay attention to the names coming in on the contracts, some do not.If you included a letter stating you were not associated with the other party, you should be good.During a multiple offer situation, this is USUALLY how banks view offers, in order of importance, and these do have a great effect with who they do choose to be the one to buy the property.Purchase priceClosing costsFinance typeEarnest Money DepositI've had buyers to win contracts over other bidders not by purchase price, but by the fact they had cash to close, or were willing to put down $10k as compared to another buyer's $1k.

Call your local housing authority and talk to the head inspector for subsidized housing.

Bottom line: Shop, compare, then purchase.

People who live in nursing homes are referred to as residents. nursing home compare

I am also going to list the house for about 15k less then comparable houses in the area for sale to try to give me a little edge.

What percentage do all of you experienced investors use as numbers for the following compared to the full loan amount?

There is still a rule of law and unless he wins re-election in 2012 his term and any authority will end at 12:01 PM on January 20, 2013 at the very latest.

If the seller's contract had a subject to clause then they weren't authorized to let you take over the loan without CW's authorization.The worst that can happen is CW will call the loan due, usually 30 days but negotiable; you will lose whatever money you have invested if you can't pay off the loan; and the sellers will get a foreclosure on their record if they can't pay off the loan.If there is enough equity in the property you may want to try paying it off or selling it.