Others will panic and try to sell it themselves immediately without a real estate agents help but,they won't accept the reality that their home equity is no longer in their possession and belongs to the bank foreclosing on them.They normally ask for almost all of their perceived equity from you at first even after you explain that their house is a mess in need of thousands of dollars in repairs and updating and no longer worth what their neighbors got for their homes last year.Your best bet for a cheaper bargain is to wait them out and snatch it a week before the auction when they're sweating bullets about moving out without a dime in their pockets to start over somewhere else.You need to be that life saver that shows up and saves the day with a small amount of money for them after the mortgage is paid off.

Once the default is entered you get a Writ of Possession and take that to the Sheriff. 

Funny thing, a few days before I took possession THEY installed 8 security cameras all around the building, even on the other tenant's side of the duplex.

Our Detroit portfolio fit the following guidelines for us: Invest where we possess competitive advantages:Our competitive advantage is our knowledge of the local market, operating systems, and boots on the ground, which enable us to operate effectively and profitably in a management intensive environment like Detroit.Acquire assets on a value basis with a goal of maximizing return on capital.Price is what you pay, value is what you get.

Hi,Recently I've come across several bank auctions that are occupied - by owner or tenants.i believe the bank has foreclosed on them and taken possession , but the dweller has not vacated yet.

For example, a seller owns in Pennslyvania, and exchanges for a property in Florida; they would owe gains tax in PA.Question 3: replacement property must be identified by day 45, and possession taken by day 180 (sale date being day 0).

The trend is towards mobility, career flexibility, less material possessions/minimalism, ability to travel, having less children or no children at all (i.e. less pressure to purchase a house), postponing or foregoing marriage...

Columbus - after receiving collateral and the deeds in our possession, the property was abandoned / trashed and the grass was 3 feet high.  

Do not spend money changing locks until you are granted possession. 

I think the onus is on the seller not the buyer... unless your then going to sell on  a wrap.. and your the seller.. check for exemptions  .. like most states allow a few year ... and or commercial purpose.In Oregon does not matter any loan for any purpose on 1 to 4 needs MLO with the exception you can do 3 a year with your own money.. and no more than 7 in possession.