I bet your personal domain is starting to get more hits due to Biggerpockets.

My initial thoughts are, if there's such a large margin in the deal....why is the seller selling?

My wife and I are looking in to buying our first home (we currently live with her father) and have heard that a forclosure would be our best bet for a good deal.

Make your initial offer really low, but expect a counter...go back and forth until you reach your max. buying price.

The initial cost ($350-$450) plus the per visit cost (another $50-$60 usually) and you only get your money back *if* you have something major go wrong and *if* they actually decide it is covered amongst the myriad of exclusions.

I'd be willing to bet that almost any county in CA has 100s of "deals" like this sitting around for the asking.

However, if you lowball, be prepared to get a counter offer which will have the initial sales price (agent saying go away) or something lower (agent saying lets negotiate).The listing agent may want you to provide proof of funds either by financing or cash, but other than that, they should have all necessary paperwork that you need.God Bless.

I wait to market the property if when initially talking to the seller I think there might be title issues (i.e. his dad gave him the property when he died).

If you have ever read a standard note and trust deed used by mortgage lenders, I would bet a good attorney could find 20 things many home owners are breaching in their agreement on a regular basis… i.e. parking commercial vehicles, or operating a business from the premises...

Since sold to an investor after the initial contract purchaser walked away.