Oh, and the live in property manager would bring at least $5000 to the table for the right of use and occupancy and equity.

If we did an assignment we would need to disclose everything at the same closing table.

Annual water testing2.

While you may have the property in escrow, I'm sure, per what you said, many other offers will be on the table.

THE ANSWER IS NO if the property is underwater and a rejected short sale it is sitting in a grey area where the bank won't negotiate probably hoping the owner will get his s**t together or the bank is unaware about the recent drop in home values in that area for whatever reason....If you could cash flow it the owner would probably not be under water....

But, it is very situation specific.On one of our REO purchases a while back, at the closing table we were informed by the listing agent that we were actually outbid to the tune of $4,000, but because we submitted an all-cash offer (and the other, higher offer had a financing contingency), the bank went with our offer - the bank was very motivated to close the transaction.Good luck!

Bill back utilities, pest control, water etc.3.  

Food and water are also basic human needs, and neither are free.

There are probably gas and water liens to go along with the property liens.

Hi, New Roof, Water Heater, Furnace, Kitchen Cabinets, and new Paint.Been Vacant 1 month