I've found a property in the area that is in one stage or another of foreclosure, and is owned by Fannie Mae.

Not considered in this sceanrio is repairs, staging, seller incentives, appliances, etc.

We have started exchanging unsigned contracts in order to finalise the deal.Just when I got to the nitty-gritty of signing the contract and embarking on thorough due diligence, finance (some work already done, but no formal application), inspections, etc, my agent has had a family emergency and had to withdraw as my representative, as he feels that he can't adequately represent me at this crucial stage.

Also said I would get money in stages after I showed proof of payment to the contractors.

Employees then begin doing the mundane tasks which lead to deals and the main players operate in key stages of deals/business pitches.

Still in early stages of thinking/planning.

Now I'm leasing the home and selling off tracts of of excess land.

hi ivanI can only give you one piece of adviceif you think its fraud and you are willing to do that you can find lots of ways around and getting the deal done the question for me are you willing or wanting to do that.the most important thing in busiess and really the only thing in business is your own intergretty so if you are will to accept a deal that on the face of it would for me damage mine I would not do the deallegal or illegaleven deals that are legal that damage that respect I would not dobecause at the end of the day no matter how many deals I dothat respect or that reference of clients or even agents is some thing that i want.so for me is this dodgy as I say and is it going to damage my core valuesand if this one does not yours it does minebut that just meif you are going to try to undercut a mortgagee or funder is going to the heart of investingthe person group or company that you are undercutting is the same group I have to try to find funding from.a bank can and does make a loss and they sell at a discount.but it make the job of a negotiator hell of alot harder to do when things like above turn up as funder think that these are not arms length transactions.so for me if the property was going to you and only you and the vendor was getting zip thats fine by me.as soon as you get to giving money back and not disclosing to a funder that will come back to bite you not the vendor on the rear endas you will want funding at some stage in your live and funders don't like that sort of this and tahts why I say in all your dealing my view is honesty is the best policy

I live in an area where a good percentage of homes are upside down a significant amount when they are in the pre-foreclosure stages.

You should have come up and introduced yourself to me, I was there with my partner Michael and Rosie brought us up on stage to speak and give away one of our CD's that night.