That way they have full knowledge and no deception is taking place.Be prepared to pay off the loan if the loan is called.

Comps in the area do not have them.I will be adding separate elec. meters and doing alot of rewiring, so even if I don't add the appliances, I may add the electrical circuits in preparation for a future flip.What is difference in rent between having a D/W disposal and not?

Two sets of docs get prepared and recorded, for example.

I decided to look in some special areas just outside their radar, and after 6 tries I finally caught one.I know I have to have positive cash flow, but I think this is a unique opportunity.

but to add, i prefer a quit claim deed when using land trust over warranty deed, special warranty deed.

Turns out there's NOTHING that they can't avoid having you get.I could walk through my house right now and EVERYTHING that's in here I could refer to as (1) a family heirloom, (2) used in the preparation of meals, (3) used in the normal course of my business or occupation, (4) covering the lein of a third party!

It will be re-assigned to another broker/agent on their list.Listing residential REO ship sailed long ago.Many of my broker friends have stopped listing for banks and work on the buy side more as they pick up a bonus.On the REO side you get hit with BS certifications from asset companies wanting hundreds of dollars a year to be a MEMBER and POSSIBLY land a listing.When you do it's a POC (piece of crap) and you have to outlay a money with rekey and trashout,cash for keys etc. in some cases and wait for the money to be paid back to you.If you have a buyer for the property try to deal with FNMA.If you are just after a listing you need to go with a big reo brokerage already established and be a buyers broker.As local and regional banks have told me they get calls almost everyday from agents wanting to list their REO's.I am more valuable as I focus on the commercial side so they don't get as many of those specialized types.If you are the broker you can go to the local banks and offer to do it cheaper for volume and land business that way.Thanks

Youll have your whole list and be done with it.Handyman Special!

Anything to make it clear to the seller exactly what is going on and why the price needs to reflect the market reality.You still might not get the deal so be prepared to move on.John Corey

But I do want to be prepared in the event that I do foreclose, the repercussions, etc.