He's selling for health reasons mainly, but also cause he's just tired of it.

I've been posting for several months without incident but my most recent seems to be stuck in "draft" status.

Common sense needs to prevail when a property is in that bad of an area and that much underwater with that much damage.It's not worth the health of your marriage and your families needs as that property might not ever recover to a break even point to get rid of it.

I understand the exempt status for accredited investors...but I guess I'm wondering how does a certain company(first name starts with "Equity" last name begins with "Build") that I have seen advertise in a similar manner does so, and not be in violation.

Also, by linking my status with other yard sale accounts I am able to broad cast to even more potential sellers.

It is true, sometimes the named party might include the Servicer as well.Usually when a loan is in default status, the investor through their servicing company will have an agent already assigned to the house.

If you have a health issue or another opportunity presents itself, the money is there to switch gears and keep moving forward.

Hello everyone!

So far things are going as planned. However, we seem to be running into some issues with out purchase contract. Here is the situation...

We found a basic purchase contract online, add...

Throughout the process, call the mortgage broker (get the seller's written permission to contact the broker as part of the contract) once per week (Tuesday or Thursdays tend to be the best) and get a status on the loan.

I'm definitely hesitant to do many buy and holds in a small market because I don't trust the long term economic health of a small town.