These loans are owned by thousands of different investors and they change hands quite frequently.

I will take the property off your hands.

I can't wait to sign the papers, get the keys in my hand and go over and wash/paint the walls, do the minor repairs like add a railing to the basement, etc., If anyone else going through the process of buying a foreclosed home, hang in there.

I hand her one of the $25 cards and say, "Here, try this one", then I walk out of the store.

They’re paying their own utilities.Tim Wieneke: She told me that her brother refused Chemo and put himself into the Lord’s hand.

On the other hand, a couple of us have pretty phenomenal credit and have prequalified for mortgages, but because of this idea, have been holding off on making bids on property.As a newly formed LLC, would banks scrutinize all our credit histories?

It is not an institutional problem it is a systemic problem, the sharks are circling for the free money hand outs and the new compliance people (hell I am trying this new niche out) are looking for ways to become vendors or oversight people to collect the giveaways.I will say it again the ugly is only just started.

On the other hand, I appreciate the sense of time and history present on the east coast.

Could be your offer looks better because your credit scores, cash on hand or bank is easier to deal with or some other issue.Do you have an agent working for you?

Or do you mean buying it 2nd hand?