However, just how valuable of an asset will this be to me?

The idea involved is to get him in the position over the following year to buy his property back, so I'll be working with him on his credit and other positive loan factors, hopefully getting some seasoned assets as well from this sale.

What would happen if my LLC holds assets and the LLC is not up to date with all of its filings, if the LLC is suspended what happens to the assets that reside in the LLC?

The author is a RE attorney (CO & NY) and investor.John Corey

I'm going to do my best to get his mid score up, his income and and possibly get some seasoned assets in his account.

I even helped write (with no author credit) an internal guide when I worked with one of the Big Four for the leading guy of the firm in San Fran that specialized in 1031 (I was low on chargeable hours and needed a project).

Then you submit your offer to the bank with an addendum that says something to the effect of "upon approval of inspection of addition by licensed contractor, or county authority".

You and your partners would be sellling your LLC interests for the specified dollar figure which is a capital asset which you have owned since 2003 or 2004 (whenever you started the LLC).

I think on preforeclosures I am confused on that - equity or no equity I start with the owner right (the letters, knocking on their door, etc) and in either case I HAVE to get their approval to either make some sort of deal with them - OR - get authorization to work with their lender - is this a true statement?

The listing agent has the privelege of seeing your offer, but you can't see theirs, that's just the way it is.Granted, this presents an ethical delima that REO asset managers are well aware of, but the fact is, it can rarely be proven that the listing agent did anything unethical.