I work with a real estate investment firm here in Memphis, and I am also a licensed Realtor.

However, I have a Private Equity Firm that loans out 70%LTV on the future value.

The best advise I could give you without knowing more is to have your contractor take a look and give you a firm estimate on the repair costs.

I don't want to use a property management firm as I will be living there and my "partner" will be handling most repairs, maintenance, etc.Please advise.

A little about myself, I own a medium size residential construction firm.

The company is a law firm with paralegals preparing the letters and lawyers signing the letters.

If you don't have a firm committment (not pre-approval and certainly not a pre-qualification) from the lender by this date, the deal's off and you keep the earnest money.Just getting an earnest money check from the IRA will require the custodian's involvement.

He owns his own incorporated real estate capital lending firm, and his terms seems very reasonable.

However, it the foreclosure becomes contested on the side of the party being foreclosed on you will most likely not be able to file responsive pleadings as quicky as the large law firms can.

Try contacting a firm similar to Gibraltar Insurance Services...