@J Scott is right, but I will add that all buyers from wholesalers will have one desire in common.

Who can negotiate a foreclosure is covered under the Maryland Annotated Code section 7-302, more commonly known as the Protection of Homeowners in Foreclosure Act.

That said, economies of scale on those returns are extremely difficult to say the least.

No one extremely motivated yet, just a matter of time though.

Just a thought....The biggest problem with these homes is that they are usually not common in an area.

REOs typically have very short inspection deadlines, 10 calendar days seems common.

I recently purchased a house which managed by Action Property Managment.During inspection of home, inspector addressed several trees are causing foundation issue with their roots and many vegitations are not taken cared at all.I pay assotion fee which includes common area (my front yard) to be maintained by association (managment company).After contacted the APM about 2 month ago, they promised to take care issue yet nothing has been done.

If you rent a 3 bedroom unit, it is common to allow up to 7 occupants - 2 per bedroom and one to sleep on the sofa!

Kristann - sorry to hear your experience.Without knowing the extent of the work, $1500 sounds extremely high, unless there was substantial work required to get access to the drain.

We also know it doesn't have to be a complete room.So as an extreme case, couldn't I have a filing cabinet, dedicate the 2 sqft exclusively to the rental business, because all I store in there (and on top) is rental related stuff.