I'm assuming that pre-foreclosures are in the same boat as well.Actually, pre-foreclosures are in more dangerous waters, a short sale the bank just won't go there, screwing around with a foreclosure takes on a blend of federal compliance and consumer issues, cause a delay and you can get nailed.

With the apartment building market as hot as it is right now, I think sellers would rather sell outright or with seller financing instead of accepting a MLO offer.

Electrical, plumbing, exterior paint, hot water heater, refurbish boiler, flat roofs, Windows.

The property has a new bathroom, kitchen, water heater and heating (two years old) he also added a new privacy fence and waterproofed the basement.

We set up "hot sheets" for our clients that automatically mail them bank owned properties.Not much to market to here at least in Utah.

I'm pretty rookie myself but from talking with others, the market here is good but not "red hot."

Most sellers shy away from financing contingencies especially in hot markets.

We have had numerous water issues, from roof leaks, to plumbing issues, to tuck pointing all pretty much associated with the age of the building. 

It is a hot area and there is little rental stock.

It's cool to the touch and feels good on bare feet in hot climates.