The seller is taking the property off the market in most cases and if the buyer fails to buy, the seller has a potential loss.

They typically discount no more than 30% off the previous listed price that the MLS failed to sell the asset at.

.* As Jeffrey pointed out, find out why it's been sitting, find out what offers they've gotten, why did the prior owner fail (mismanagement, paid too much, etc.)

We will have to pay the underlying mortgage (this is a wrap note) if the tenants failed to pay so it isn't a completely free lunch.My question is whether or not this will somehow be considered a "gift" from a taxation standpoint.

I can't even count how many time over the years I've worked with clients who've spent thousands with your firm only to be turned down when they never should have been engaged to begin with.People used to make up false deals just to see if you would issues an LOI and almost without fail you would.

A common mistake of new landlords is to choose poor quality tenants and to fail to enforce a your rental agreement.Look forward to your future posts.

I failed to follow proper procedures and didn't qualify

Is this still tit for tat if lenders blow up the whole system and fail to live up to their end of the bargain by issuing new loans?

You can piece the corporate veil if you fail to operate your LLC according to laws.

I understand where you are coming from, but I think you are failing to recognize the reality of the "constrained resource" piece Vikram.