The lender needs to see the NOI and to calculate a DSCR for this property at this price with your downpayment.Consider producing a Proof of Funds document to verify the EMD and your downpayment.

I'm NOT posting this in "Success Stories" since the proof is in the pudding as they say and I don't want to assume success.

Here are some websites, hope they help:www.reonetwork.comwww.cdpe.com (certified distressed property expert)www.moolahlist.com for hard money lenderswww.besttransactionfunding.com for your proof of fundswww.legalzoom.com for business cards and starting out your LLC

Just make sure you have all your ducks in a row-Pre-qual letter from your lender or proof of funds for cash-Earnest money of $500 for properties under $50k, $1000 for above $50k-Identify a title company in the area that is willing to close a HUD.  

I need a real one and I need it quick. $80k

Anyone have any ideas??

Thanks in advance! & happpyyy Thanksgivinggs :)

Hervvvv Almmmm

NOThe bank requires buyer's proof of cash funds and/or loan preapproval to close the short sale.Also, a short seller cannot receive any cash proceeds from a bank-approved short sale. 

do you need proof of fund if you planed on using hard money or private money?  

If you don't win, the hold is automatically released after the auction within 2 business days.If you are the highest bidder, you will sign the purchase contract, wire your earnest money, and provide proof of funds (bank statement with account numbers "X"d out is fine).

If you want to bring value to someone in desperate need of selling a house: I would suggest showing them proof of your ability to purchase, and close on their house, opposed to wasting their time by getting the house under contract, and failing to pawn off the contract to an investor.I would suggest paying all the closing costs for them. 

Proof you can by anything at a yard sale in Maine.