Some reading for you:http://www.biggerpockets.com/forums/41/topics/68977-foreclosure-auction-sheriff-sale-and-trustee-sale-faq

I started in 97 door knocking pre-foreclosures and taking them Subject To.

I'm used to buying short sales, fixers or foreclosures, fixing them and then selling or renting.

John JacksonInteresting - re: your title searches and the note being called due.I always tell my clients that the lease-option is enough to trigger the due on sale clause; I tell them I have no way to guage the liklihood of the bank calling the note due (but, that whatever the liklihood is now, it will be more likely as the interest rates climb); and, I always put a clause in the agreement that the optionee is put on notice that the bank may call the note due even if all payments on the mortgage are current, and the optionee's only remedy at that point is to exercise the option and close before the bank takes it in a foreclosure action.Bill GulleyI recommend to my seller clients that they charge extra for rent under a lease-option.

My brother townhouse is being foreclosure on from the people he rent from some how he heard the note is $400.00 and he payes $850.00.

This was a foreclosure I bought and flipped.

Because of this we are looking for creative financing deals and with that we are looking for an agent who is knowledgeable about buying houses in foreclosure before they go to auction, seller financing, hard money or private money lending, and subject to's.

Learning about foreclosures, buying defaulted debt, how to negotiate, structuring contracts, understanding title, seller financing, managing property & tenants, those skills make me money.

I've heard that people will totally wreck the inside of house they're losing to foreclosure because at that point they could care less what the new owner has to deal with.

But then you say he won't consider a short sale or let it go to foreclosure.