To obtain maximum privacy, you could have each property in a separate land trust and each with a separate trustee.

I have run into this problem in small towns and it can make it extremely difficult to re-sell to end buyers obtaining conventional financing.Based on the limited information you provided about the area, I would probably only seriously consider purchasing the property if it had really solid cashflow and you were positive you are going to hold it for awhile.It's just my 2 cents, but there is probably a good reason that the lady is so willing to unload it, aside from not having money to rehab it.

I had made my offer, sent earnest money, obtained financing, Waited and waited while they completed the typical government paperwork.

[citation needed]After graduating in 1984, Cramer's plans to become a prosecutor were dashed when he was denied employment with the Office of the United States Attorney for the Southern District of New York, headed at the time by Rudy Giuliani, because his law school grades were deemed not good enough.[3]Cramer was admitted to the New York State Bar in 1985 and his current status with the NY Bar is "delinquent".[6][edit] InvestorCramer obtained employment in 1984 as a stock broker in Goldman Sachs' Sales & Trading department.

We have spoken with an attorney concerning this, his advice is to contact the previous homeowner and try to get his cooperation to do a short sale/obtain power of attorney and/or contact Fannie Mae/BofA and try to negotiate, or the last option is to bid at the BofA foreclosure sale.

I plan to keep the properties indefinitely.

It is always prudent to obtain a copy of your estimated settlement/closing statement a few days prior to close and have your tax advisor crunch the number so that you know what items must be paid for out of pocket and which are considered permissible 1031 exchange closing costs.

I look forward to meeting some good people here and obtaining some good, valid information.Once again, great site :)Oh, and if you have an "real" hard money loans available and / or Orlando (Orange and Seminole Counties) investments, we would be happy to hear about them.

That has been an issue with obtaining a mortgage in the past.

They have even told me that  I may not be able to obtain title insurance on the property because the contract is a reassignment.