This is not illegal so they should not have a problem with it, but they may be concerned about getting you in trouble with your mortgage company and bringing some liability upon themselves for helping you.It takes one piece of paper and the simple fee to the county recorder get it done.

I am also involved with my very first "Short Sale" and experienced alot of upfront concerns with getting someone in that department to talk with me.One of the keys is to make sure that the person that you are tryig to buy the home from provides the lender with a "Letter of Authorization" to speak with you regarding this property.

My main goal right now is to learn as much as I can from knowledgable people so I don't make the common beginner mistakes that cost $.

I have been studying real estate investing for a year but have yet to do my first deal. My credit score is low and I have no money. I have found deals for 70-75% LTV. Can someone help me?

I am concerned that there may be a lot of competition as this type of house has moved quickly in this area.

thank you both for your wise words, well anyway i guess i'm just so anxious to do my first deal. especially a deal like this were the homeowner is in distress and states to you how much equity is in the property (i know i'm a beginner, but i don't see how he'll benefit by lieing to me about the amount of equity in the property, because he already stated he doesn't want to sell the property, and i already stated to him i'm gonna view the property/mortgage paperwork)well anyway i must say i agree with you both, from first look it seems the best way to do this deal (thats if all the number are right) will be to purchase the house for the amount left on the mortgage, and give them moving cash and etc (this way i'll have alot of instant equity within the property, which i could either wholesale to another investor or put it on the market at a small discount and sell it retail because of the properties perfect condition, then i could even try a short sale to build up more equity to make the two above tactics more profitable for me)now the only tactic i can think of that would work, were they will get to stay in there house and will be profitable/beneficial to me as well is to then purchase the property real cheap (whats owed on it) and offer to lease option it back to them at a higher interest rate and at a higher property price, but i think this tactic will be risky with this individual because of his credit and the nature of work he's in (construction were some parts of the year your without work and tring to collect unemployment) so this is what i plan on doing, i first plan on putting together a list of questions i must get answers to at the tuesdays meeting i plan on having with them, then i plan on explaining the whole foreclosure process to them and the uphill battle they face (which i hope will change their position about not wanting to sell their house under any cumstances), then i plan on making a smooth exit and letting them know i'll be back in contact with them to let them know what i think their best solution is to solve their problem (this tactice is to buy time, so i can really cruch the numbers and speak with others to really figure out the best win-win for everyone, thats if their is a deal their)if anyone has any other suggestions please let me know

It is a business and must be treated as such.Forgive the blunt reply, but you don't really seem to be concerned about money.

Day,If you don't like straight talk, PLEASE do not read this post (I've already heard my share of whining today).I am concerned that you have spent $16,000 on all these courses and yet haven't done anything.

I have a couple of concerns I wonder if you've ran into.

Do anyone have any info concerning Darin's programs?