The key is consistency and meeting people in the business that you can connect with to combine resources on differ potential deals.

The key to an REO broker is the proof of funds.

Sometimes bank statements may indicate gambling problems or other traits you might not like in a tenant.

And 36 Other Key Financial Measures by Frank Gallinelli.4) The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction by Thomas J.

Check out this new BP thread... maybe Chris C. can indicate if the bank was a large (B OF A type) or small bank.

Generally speaking, the price of an REO is not indicative of it's actual value, and isn't even related to its value until it's sold.

This was a key element of my mortgage business.

The key point is disclosure in all contracts whether selling or buying.

The key is having your mortgage professional work in unison with your tax advisor.

Originally posted by Mitch Kronowit:b]California Corporations Code Section 17158[/b][i](a) No person who is a manager or officer or both a manager and officer of a limited liability company shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation, or liability of the limited liability company, whether that liability or obligation arises in contract, tort, or otherwise, solely by reason of being a manager or officer or both a manager and officer of the limited liability company.Mitch,Don't overlook the key word in the above citation -- "solely".