Often it's accompanied by a "guarantee to sell" clause, except of course the 'admin fee' is not reimbursed.

They know the type of tenants you need .

Quite often the bank will bid up the price to whatever is owed to them on the loan and if there is a second lien then that lender might also bid the property up to cover their losses.Most likely you can just call the county courthouse and they will tell you all about the auction rules... after all, they WANT to sell those properties for as much as they can and that means they need buyers like you.

From the HUD appraisals I've seen, it's still based on comps in the area although this often doesn't seem to take into consideration the condition of the house.I've walked through torn-up dumps that needed 30-50K in work to get it back to normal and I've seen near pristine houses loaded with tons of upgrades for the neighborhood.I occasionally find the perfect storm of well below appraisal and in great condition in a neighborhood I think will pop in the near term.

I've only recently discovered BP and and so far love it, but too often come accross posts of dubious intention.Thanks!

We're glad you're here, and hope you do lots of business.Since you're new and may not know, you can subscribe to a thread such as this one, and an email will be sent to you when someone posts a comment.You can set up your profile with your name, phone, address, and even website in your signature so that every post you make will remind people how they can do business with you.You will want to prowl these boards often because people will often post a request for funding, and the first one to get to them frequently gets the business.Well, that's the end of my welcome speech.

They often sell or rent their customers information several times after the initial $400 lead sale.

A basic rule of thumb, but not applicable in all cases is that a loan from a broker may have slightly higher initial fees/closing costs, but brokers can often get you a better interest rate.

:mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: Nine "Green People" out of Ten."

Inexperienced investors looking to put their money into global opportunities often end up with more questions than answers and throw up their hands in despair: •Where do you start?