At this point, don't make matters worse ... remember that you are in a position of weakness right now because you can't control the outcome of the court.

So the likely outcome is either that the house goes back to the owner or the lender forecloses.

So, the outcome is better than predicted by the 50% rule.You might say "I'm in one unit, so expenses will be less."

sorry, double post. Please delete.

Each one needs to be written slightly different.Next you may want to have an idea as to what size parks, the cost to purchase and a proforma profit and loss for a typical park.If you are presenting this to prospective investors/lenders have someone proofread for grammar.

First off, most likely, you'll want to add your website on all materials if the goal is to get the customer to your website.However, more importantly, I'd think though what is the ideal outcome you want to have with the customer and, what's the quickest path to get that outcome.

You have spoken to your prospect Adam and BEFORE you leave your house to go see his you want to make sure you have a deal.

The 1099 for forgiven debt gets filed automatically, whether the lender likes the auction outcome or not.

Goff as a prospective mentee when I was just getting started.    

Then what you should sell for-minus-what your "finder's fee is" = reasonable amount to offer current owner.It's my understanding that working from the bottom up by placing a contract on something then trying to mark it up and sell it to a flipper/buy and holder will not pan out for you, the current owner, or your prospective buyers.Check out the blog post below for a good overview of the process, but I would suggest listening to the podcast too for some really great insights on how a possible wholesaling operation might work.