I just don't want to put cash down if the property is still in the sellers name for two years and they could walk away with my money.

In some areas an investor could walk through and buy for 50k and sell for 90k.

My title company had wrote them each a check for their amount due.I walked out with a smile and a nice check :lol: Deals like this don't come along every day of the week.

An investor that has skin in the game will be less likely to just walk away when things get tough.If your deal is good enough and you have something to offer, you might be able to get 100% financing.

Both sides walk into a FSBO to "make a steal" and most of the buyers I know who've bought a FSBO think they got a steal, but they had done no competitive market analysis, etc.

You should be able to look at the loacal MLS on line, the REOs are listed and will show up there.The ONLY WAY you get to a PRE-FORECLOSURE is by working with the homeowner, and the HO and the lender, NEVER through the lender alone, the lender has no say in a deal unless it is a short sale and then, basically only to the extent of an acceptable amount paid to the loan, with conditions.And anyone who tells you that you don't need to understand your market area, just sit there and buy and I'll do the work, is someone, IMO, you should not just walk away from, but run from!

Don’t be afraid to walk up to a property and look in a window to confirm that it is indeed vacant.

They're about 5 months behind on payments.Here's the numbers:FMV after fixing about $105K-$115K.Probably needs about $10K in repairs.Loan balance is about $48K,Bank wants about $5K in late charges and legal fees to date.Wife wants to walk with $7500.My attorney (who's also their attorney and brought me the deal) suggests paying the wife the $7500 (obviously I'd only do this into escrow subject to my getting marketable title.Then buy the bank out (HERE'S WHERE I REALLY NEED YOUR HELP), I sure don't want to pay them full face on the note, nor any late or attorney charges.

You can get great software that will walk you thru most processes.

The house is sitting empty, about a $51K balance owing, (probably some late charges and penalties) but if she can walk out with $7500 she'd be happy.Anyway, I've done a pretty complete walk around and peek in the windows, typical cosmetics, yard and shrubs are pretty crappy, not too bad overall.