They got hit with divorces or are returning from a failed attempt living somewhere else.  

I currently buy these nonperforming notes and attempt to do a work out with homeowner if unsuccessful I have (at last count) 12 additional exit strategies to make money.  

Can anyone convey a step by step guide on how to attempt my first wholesale deal!!!!!

All the walls & ceilings had one coat of KILZ primer to hide the disgusting drywall of the past 15 years.Given the higher rent we were asking my wife simply laid out the plans we had for it & they took it paying 1st, last & security.

But assuming that once you file it is a quick process of a couple days then it seems it's just an attempt at being equitable to all parties involved....especially the one that is "losing" on the deal.

Having a financial equitable interest is what is conveyed with a sale contract and what investors usually attempt to sell or assign, as having a valuable interest in a property.Any contract only takes the parties to a settlement, if all is agreeable, the parties may continue with the terms to a settlement, so long as they have a legal contract.The question of an equitable interest can come up if a seller decides to avoid a contract and not sell.

I was able to package those skills to other investors and worked my way into equity deals by simply providing value that they needed - development of their business systems, internet marketing expertise, knowledgeable networks and due diligence ability (analysis and research).So, it's not a question of age - it wasn't for me either.

The deal of the month crowd is obsessed with buying simply because they lack other investment options.

This means that many mortgage lenders will either be closed, or otherwise simply not making any rate sheet adjustments.

As to inadvertently contacting someone in a mass mailing who is already represented by another agent, I simply add a disclaimer - "please disregard this letter if you are currently represented by a licensed real estate agent".