However, don't expect to be amazed by what you see.These days, with so few properties having any equity in them when they go to foreclosure, you're unlikely to see any third-party buying.

Seems worth a try to avoid bringing third parties in for financing.

We have started to see things looking better from the flipper perspective, in fact we were having a lot of problems getting offers accepted for the last several months...last week we had two and are on the verge of a third.

This was done by Fifth Third Bank.

Those who suggest to do a "DEED IN LIEU" when there are second and third mortgages - are just regurgitating GURU tactics that are silly for this scenario.

If a third party in the deal who is neither a buyer or seller makes more than 5% of the deal's worth, the notary will not let it slide.Pretty much only shady brokers use a simple pre-agreement in writing, which they will tear up later and avoid paying taxes on the deposit that has been transfered to their account as a sign of good will by the buyer. :)-----With that said it's a good point that I could deliver my offer in writing to the seller.

Yes, the HOA fees do live on after the foreclosure if you are a third party bidder at auction(courhouse foreclosure sale), but not in the case of buying a REO that is listed on the market.So the issue that I have run across too many times to count is that there is one law firm in particular that has ridiculous crazy fees for not doing ANYTHING at all!

Both dates have legal significance.There could even be a third date, the date the contract was written, oct 1 for example.

What I was asking after that conclusion was should I proceed with making an offer with an agent who's being deceitful.FYI...I went ahead and made the offer so hopefully things go well.I always learn something new from my posts, though; so thanks Jake and Scott.Also, there may have already been an investor involved in this transaction (A to B)and you were ultimately looking at the B to C listing.A clue to this may be within the listing remarks, the agent should have some disclosure like "transaction is contingent upon third party acceptance...." which tells me I should not get involved in this transaction as they are probably looking for a retail buyer.

I think some real data might be useful.According to the US Census Bureau, the rental vacancy rate for the third quarter of 2010 (most recent data available) for the Indianapolis MSA (metropolitan statistical area) is 15.9%.