We are just about finished rehabing the property we're in now (British Columbia Canada) However it's time for a change.

Ok so I'm looking for a property for myself to live in.....I currently have one that I bought at 60% of market, so I've got some equity in it......Plan to sell it as soon as i find another place to live.I'm real new to REO's, and was just looking on yahoo and found an REO that just came up in the area I'm looking to move to.Now I did some research, found some info on realtytrac, and the other through my local tax records......says it was sold to Groff Real Estate Investments on 7/30/07 for aroudn 200k.....it just became listed on realtytrac from what i saw (just signed up for the free trial to get the parcel ID)Guessing its too late for me now to do anything?

Once the form's in place, you find out directly from the lender the amount owed, terms, and any late fees, late payments or other charges.You're also going to want to do a title check.

From one that speaks to people in foreclosure on regular basis, one repeating emotional trend I see is embarrassment---in general, folks in this position often act too late because they are embarrassed (pride is another good emotional anchor) with admitting failure...Although I don't market to these individuals, I understand the mindset all to well and believe any marketing campaign to these folks should include the following components:- Discretion/Privacy: Give them an opportunity to learn more without revealing themselves initially---offer a white paper or recorded info-message which would allow these distressed homeowners to learn without the need to speak to somebody. - Hope: Too many marketers are appealing to fear---although fear is a compelling emotional trigger, the majority of people don't want to be reminded what they will lose, they want to be reassured that there is a chance for recovery

Which is why we want to do a cashout-refi to help maximize our cashflow once we're finished.

If a notice of demand has been made, it's usually too late since the lender will not be accepting past overdue payments.

The point the authors make is that while many people are leaving the marketplace due to the media's drumbeat of "crashing RE markets" and the increase in market supply, savvy investors should be buying as many good deals as they can instead of sitting on the sidelines waiting for the market to finish its correction.

One of the fines was for a late return on a check and another for not giving timely updates on the accounts.

He was late on his rent by a month and a half and from what we are finding out the power was also recently shut off.

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.