If you're short by a fairly small amount, can you borrow or otherwise get the money to make it up?

We are selling our option contracts for a small profit and doing a fairly good volume of business.

I try to make my communications less lingering by being straight ahead and trying to give solutions early in correspondence.

You want atmosphere and some basic information communicated.

Anthony,You shared a fair amount of detail.

I make sure that I fall under fair use rules when I do it.

The title company wants all the heirs to sign a release before they issue the title policy.The Language in the contract is fairly strong, although there are no dollar penalties for the seller.

Scott,The decision was likely complex given BoA business mix and some merge activities presently being worked on (MBNA for one).I think it is fair to assume that if BoA wants to buy in loans originated by another firm Countrywide will be close to the top of the list.

What you are wanting to do with it (your exit strategy) stipulates what formulas you need to use to determine what the house is worth to you and what your offer is.If you are planning on fixing up the property and reselling it on the retail market, then knowing what the After Repaired Value (ARV or what the house will sell for all fixed up) is and the estimated repairs are the two biggest factors in determining your offer.If you are renting, lease optioning, or carrying the note, knowing the fair market rent will be a huge factor in determining value.If you are wholesaling, knowing what investors will pay in that area for that type of house is essential to determine value.To figure an offer on a property, start at the end.

Rochester/Buffalo seems like an area of the US that has quite a bit of affordable selling prices, but still retaining a rent that is fairly high.