The money at the end, even with 5%-9% Cash on Cash ROI, is spectacular from my perspective.Getting that ball rolling is the key...So Property 1 (here is where I ask my questions)...Buy a Foreclosed or Dramatically Reduced (Not in this market) PropertyIf we can pay cash at this point, we should, I get that bit, but CAN this be financed through a bank?

Pre-qualify the OfferHas anyone heard of running prospective buyers through a seller's choice of a pre-determined bank to get a solid review of their credit?

She lives in my house, every door has no locker.

He is working for the bank to change locks, mow lawn, etc. the bank foreclosed after the owner died.

What condition should a property be in for the bank to finance against it?

No one cares.Now if you bought this house from the Land Bank and need a COA to close the project pull the permit.

@Joe Splitrock @Jay Hinrichs agreed our cycles have moved longer than expected on this one due to unfeathered intervention by central banks, we are moving back into the non- bank underwriting more than 40% of new mortgages  from 10% in 2009.

Really how the value is determined is what you will sell it for as a seller, what a buyer will pay and what a bank will lend they all have to balance. 

Seriously though, this sounds like something an REO bank would do on a short sale approval. 

They want to see if they can buy via contract before going to the bank.