Regulations surrounding this issue are relatively new and vary by state... some states simply list instructions for "cleaning up" the "contaminated" property... the same steps that companies like yours are trained to follow I would assume.

Reading through this forum is one of our initial steps in trying to determine a way of using that money for real estate investing.

My other challenge is that I'm new to my area.

However, I went to the first meeting and the main speaker was an out-of-town guy giving a super high-pressure sales job for some MLM program called "Financial Education Services Protection", which didn't actually have anything to do with real estate, other than he was pitching us to pressure credit challenged prospects into buying this (my opinion) predatory program.

Also, qualifying for loans will be a challenge as other BP members have stated on here.

Next steps - once my list is complete , I will send postcards twice once every 30 days then a letters for the next two months.But I will keep focusing on driving for dollars and repeating the same process. 

You need to network with similar minded and consider the court house steps and actually knocking on doors.

I stepped in and took over (sorta, I mean it was technically my house anyways).

The best advice I could give would be to find out why your credit is a 592, and makes steps to improve it. 

After property taxes and reinstating the loan and doing some landscaping work, I'm estimating there's about 15K equity on the property.My plan is to buy the property subject to and then sell it to a regular buyer but I'm not sure what steps to take to go through this transaction.