So now we are typing up a certified letter to send to them about the policies outlined in the lease that they have agreed to and are in violation of as well as an invoice of money owed as they will not return our calls.

Hello Milan - They'll have shell delivery requirements which will also outline their specs. for gas, electric, hvac, water, and sewer.

:-(Not tying to scare you, but your best bet is to NOT WAIT for estimates and send pics and your best guess as to what things are going to cost (outlined in a line item letter with corresponding amounts foe each item for which you are withholding Sec Dep $$).  

If you feel comfortable with the process outlined then you can buy the property, but do not buy until you know what you are getting yourself into.

You go through the eviction process outlined by your state (post the 3 day notice, etc.).

Hi all - I'm new to BP, but am finding it full of great information as I start my investing path.I'm hopeful some light might be shed on the actual process - step by step - of purchasing an reo property.I have an agent that I have used in the past, but my previous purchases were homes our family lived in.Is it possible to outline the process?

Here some are paid off before the sale so you waste some time on themI get some in rural areas Sometimes the photos county uses are not recent and the house may not be there or other things are gone or the photos may be of the property next door or another property the person owned Some county's here will show or sell you an aerial photo of the property and the property lines are in yellow(3 or 4 last year the outline they showed were wrong) You find out later if you have it surveyed.Some times what looks like shared drive way isn't you have none.Or the lake house that you looked at and now have the deed toyou learn the road leading to it belongs to the neighbor and abc road was never put in.

I have been jotting down various categories that I know I've discussed here on BP and in e-mails with various people that I could elaborate on.I have quite a few categories already outlined but would like some more.

@Ben Raptoulis Now that you have the property under contract, here is the process I would follow:email the fully executed contract to your lender so they can begin to do what they need to do to move your loan along.Deliver any earnest money deposit outlined in the contract to the sellers attorney/title companySchedule the home inspection and have the home inspection.Work through any issues that come up in the inspection with the sellerOnce that is settled, email the fully executed contract and disclosures to your lawyer so they can do their work title search, etc.  

Ben outlines A to Z what to do, where, how, and why.