Many states and counties base the assessed value on the purchase price.

The house is assessed by the county at 117K and I think ARV is probably right around 130 to 135K.

Offer them a couple of dollars to go along with what is basically an accounting move on your part as their security is in no way lessened.

btw, I really hope I'm doing something wrong because I've tried 5 local banks who do NOT lend based on LTV of assessed price (each time I spoke with someone in residential lending).

Basically I would be saying that these properties would pay off the tax that I would owe previously.

The closing of the deal basically has nothing to do with your business. rdinvestors

Basically what you want to do is to start to market the property once you get it under contract.

(it was basically stolen from us.. we had filed for bankruptcy, paid our lawyer to file for homestead so we could keep the house which we had no problem paying for, and the lawyer failed to file the paperwork in the right order, thus there was an objection from the trustee and we lost the house).

You want basic cabinets, floors and countertops.

From the Bar's website - some basics about foreclosure proceedings.