There are companies that will buy at these auctions, then turn around and resell it to those who had owned it before the auction.This can happen for you as long as the bank is willing to sell the property at auction instead of keeping it themselves for sale later as an REO.

Basically she's saying you can't do your homework and find a deal on a property and immediately resell it for a fair price.

All suggestions re selling by owner are welcome.Thanks,MRead

Hi @Cyrus W. all of the organizations mentioned by Adrian Chu are great!

You're 30 days away from approvalAnd then your 30 days away from selling too as B of A will most likely have a stipulation stating you as the buyer, may not re-sell the property for 30 days, leaving you with a problem.Of course I may have the answer to that problem!

Long-term value investing, quality cash-flow and the occasional homerun.Ownership & Employees(insert business name) plans to be a highly leveraged organization with One employee, that being the principle and owner Robert A.

Are you saying that the portfolio lenders simply underwrite to FNMA standards but don't resell?

As far as I can tell, having been the potential buyer, its pretty useless.If you mean for investors who do short sales, no, never heard of any such certification, nor is there any organization to issue such a certificate.

Jawsette, you are speaking again of the organization that we now call the United States.

I have a possible connection with an investor that can help me get into flips (wholesaling should fit in nicely with this, I hope), and I have an investor that is looking for apartment buildings going to foreclosure.I am attempting to join one of or both the local REI clubs, but they aren't doing a good job being organized--I am trying to call/ email to confirm next meetings, no response or luck yet.Great forum here, lots of helpful info.