I've heard they appraise and depreciate items not typically depreciated like stoves and refrigerators but items like light fixtures, water heaters, furnaces and all the wiring and plumbing attached to those items, sheds, the list goes on and on.

One caveat is that typically the agent would be owed a commission if you were to purchase a home that he/she brought to your attention.

The attorney would be able to explain what the documents mean.If your REO is typical, the papers will include a statement saying if you delay the closing, you will have to pay $100 for every day its delayed.

Hi all, I'm looking at a Subject To deal at the moment in TX and one question I have is whether or not you typically need to change the home insurance policy when the property is subsequently occupied by someone who has a rental agreement and lease option.

A typical 30K house can often be closed with less than 5K out of pocket(down payment and closing costs).

Obviously, if it is on the Market, contact the sales rep/agent.I hope this begins to help you get a better picture of how you may want to approach the Westchester Market, but do not give up---however, make sure your asking price is within the typical price range of properties bought and sold in Westchester County.

My typical wholesale deal is between 30 and 40k with a rehab between 4 and 8k and an ARV of 60 - 70k.

Ten years ago I was flipping tax liens which was not your typical deal and was making a lot of money at it.

I also have a good deal of experience in loan closings, most of which have typically occured in the borrower(s) home.

The whole transaction is handled by a title company, and they do the recording.There's typically also a promissory note and that is not recorded.