You MUST establish a high level of rapport with the REO listing agent, get to know them on a peronal level.

They will only do 80% LTV of contract price or appraisal (whichever is less) by the letter of their policies, but on our last deal (4 months ago) the one did 80% LTV of appraised value, which came in significantly higher than contract price, giving us about $20k cash out for remodeling expenses.It is certainly a touch-and-go market with the well-established players who have good credit and a clean history still able to do deals.

The problem stemmed from lax moderation on my part, and for that, I apologize.We simply gave people too many chances, instead of upholding the rules established to keep our forum from getting out of control.Well, we're taking the forum back!

I always preferred the gambling that came with free soft drinks, scantiliy clad women and all the bells and whistles.

About the only thing the buyer might have to do is establish themselves with the utility.

This costs thousands of dollars and lenders have no interest in gambling that a judge will rule in favor of a big bank over a a family of four who lost their home and probably nest egg.

But it nevertheless discusses some very important statistical things that are important to know if you wish to trade options (if you wish to make money in the long run).And Tom, your advice about buying puts and calls being too much of a gamble is not correct.

So, I have established that there is a need.

Prices vary much more than rents, so having established the rents for your area, you need to find cheap enough properties to work with that rent.4) Don't forget your down payment.

As to those advances I mentioned, you are now limited as to what you may add to the note for collection, you will need legal advice for this, as you can not exceed the balances or costs that would have been established by the prior note holder.IOW, the XYZ banks adds attorney fees and expenses to get it to foreclosure and then accepts an offer to sell the note.