You would have given some EM and have established some period of time to close.

Furthermore, Can I also count my GOLD assets towards establishing the capability for downpayment itself, the idea being that I can liquidate the gold and use it for downpayment just before closing ( and after loan approval from the underwriter).

I'd schedule a meeting and go meet with them and establish rapport and then work on getting the info you need to evaluate the deal.

Brett,Exactly, but these are PreApproved short sales where, in addition to qualifying the seller, a sales price, or net to lender, is established Before the property is listed.

They might have been pushing it to simply establish their 569K lien was valid.Further down it indicates the CDC is entitled to recover costs and that their claims were true, and they are entitled to relief and it establishes how much....but I don't really see that that "relief" should now be in front of the first.In Redemption section, it says if the HO don't pay the CDC, the property may be sold at the PLAINTIFF's discretion to satisfy the amount due the Plaintiff.

I will also look for single family properties in established neighborhoods.

And as one investor found out in my current location real estate advisor was a bad choice too.

I would have your tax advisor analyze three options:Completing the 1031 Exchange at the S Corporation level, buying the one stockholder out, retaining the property within the S Corporation and then determine what strategies or options you may have in the future to deal with the property.

Ash -I recommend asking/chatting with established wholesaler in your market, real estate investment clubs are a great way to meet people, title companies, and RE lawyers and subject matter expertsKeep in mind that wholesaling is still not clear for a lot of people, including people in the industry - don't get discouraged if a title company you called tells you "we dont do this", or "this is illegal" - just move on to the next companygood luck

If a loan is involved, properties need to be appraised on both sides and fmv established for other assets