if there is an IRS lien on the property the IRS has the right to redeem for up to 120 days i believe, it has been a while since i have been involved with sheriff sales, since here in NJ the judgment amounts are far greater than the actual value.

My opinion is that you don't bet against yourself.

Talk to the SUCCESSFUL investors in your area and get involved in your local REIA.

I love reading intros like yours because it lets me know that we're running the site the way we need to be.Thanks for getting involved and introducing yourself and I look forward to having you around as we grow along your investing career!

You want to make sure you are disclosing that info to all of the lenders involved or else you and your mortgage broker are committing fraud.

What are my risks involved?

But, I'm sure they won't see it this way, and many will trash the property (I look at a lot of REOs), stealing yet more from the others involved in this deal.

Hi Dick,I started investing many years ago and sold those properties for a profit.Since then have been involved buying and selling on a small scale.This year with all the foreclosures there is a lot more opportunity.

My daughter was a realtor and got involved in several commercial deals.

Now the way people throw around the world billion, $50 billion sounds like milk money.I bet with the inflation our country is going to go through after this bailout, you will actually need close to that for milk.