I admitted to my doings, and told him I was really glad I got in touch with him, because I'd been calling around for 2 months trying to figure out what I could/couldn't do with my signs.

The property have the following issues: require new roof, 4 doors, 3 windows, 2x kitchen update, 2x bathroom slight update, appliances, new Hvac system (heating is electric baseboard) and other touch ups like paint and etc... i contacted 2 contractors and they gave me between 40-59k rehab cost. 

If the property is located anywhere in BC please get in touch. lets see if we can work something out. 

@Joe HomsWill definitely look into that meetup and we'll stay in touch.

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.

We'll see what we can do about the problem.I'll be in touch.

NOTE: I would only do this if the home is being foreclosed on by a local bank...the major banks are a little more strict with who they choose to let play.The good part about following the foreclosure process is that in the end you might be able to catch the property before the local bank lists it with an REO agent.That means that you get in touch with them before anyone else even knows that the property is going into REO...The bank has not listed it on the MLS or began advertising which means you have a chance to take the bad loan off of their books early...which they will LOVE!

I listen to the radio and have vinyl and cds for any music that I can't hear elsewhere (old blues, minor Scottish folk singers).My foreign language is Spanish and I keep in touch by watching telenovelas on telemundo.Mandarin Chinese?

Someone must be in touch with an asset manager at B of A in order to have gotten this short sale approved.In most cases, the bank I work for does not go after the deficiency balance, however, we do normally require that the owner/seller contribute by signing a promisory note to help absorb some of the loss.

So far (touch wood) it's holding up to tenants.