I record a deed of trust (like a mortgage) to show the world I have an option on the house.

I always put down large deposits on REOs, and while I still have the 7-day inspection period clause (I don't yet trust my judgement without an inspection), I think the large deposit has helped me get properties that I otherwise wouldn't have.

[/size] :protest: I check County Records daily, I probably know more about market value than 90% of Realtors, who are simply incapable of telling the truth.Check 2-3 real estate sites daily, others on a weekly basis.The market is extremely dead right now.Only 1-2 Condos sell daily in this City (100,000 pop plus)The Fannie Freddie bailout will quickly change this, (I hope)I think my $105K is conservative .The last Unit in this complex sold for $154K, (Fall 2005)The Unit was an end unit , and it was in mint condition,I was briefly in the kitchen talking to the owner, glancing about..

when it goes to closing if the signatures arent close to resembling they will know something is up and not closebasically you will need to trust them, there is no actual way you will know

(You might be able to search by using thefirst few numbers of the parcel numbers)Then check the trust deeds that were recorded on those properties.If they are from the same bank, a broker could've targeted thatneighborhood as a great 'target' to make some easy money.Check the sales price if you can.

I'm extremely interested in using the IP part of the home seller assistance program, but I want to hear from someone first that it is legit.

The speaker did give examples on how to make some money putting properties that were in pre-foreclosure into trusts so that then you can take control of them and make a profit.

I would avoid a snadwich leach and all other forms of creative financing unless it was done through a land trust.

They told me about a trust and other crap with no interest payment if I remember correctly.

It is extremely cumbersome to have a separate LLC for each property if you're going to own a bunch of them.Mike