@David M a good one will help you navigate the paperwork and execute the process to legally obtain title, conduct research on the property and deed, and also help compare the property in the market.

For my surprise, the next day I received an email from the last couple of agents that I met saying that they contacted the other agent and that apparently the property has a pending cash offer contingent to a Feasibility Study that the buyers are conducting right now.

They are responsible for actually conducting the foreclosure when someone goes into default.

Well, I have conducted foreclosures at the couthouse steps, the Trustee is not required to be an attorney.

In fact there are still older real estate agents that don't use email, the internet, or text messaging and they still are conducting business.

The Trustee only has TWO DUTIES under the DOT: (1) when the mortgage/note is SATISFIED-paid off- the Trustee transfers FULL OWNERSHIP rights back to the buyer, or (2) in the event of BREACH by the BORROWER/BUYER, the Trustee will (after filing appropriate NOTICES conduct a TRUSTEE'S SALE.

I haven't closed on the deal yet and there are plenty of steps till then.I will find out more about the potential capex once i can conduct a thorough inspection with my inspector.As for taxes i will have a homeowners exemption so that will help. however i forgot to account for the upcoming chicago tax increases which could reduce the projected cash flows.

Due Diligence is an activity conducted prior to the taking on of a risk involved with an investment or course of action.

We live east of Colorado Springs on the plains and basically call The Springs home as we conduct all aspects of life there.  

Does anyone know what states conduct tax lien auctions online?