Their is very minimal equity in the property at this point with the amount of late payments, interest, taxes, etc. due on both the first and second.

I identify the problem and deal with it.I asked this question because before engaging in risks it is best to understand them and formulate a strategy that minimizes their effect.

All I am looking for is the name of the friendly and easy to use Transactional Funders.My list has six or seven, and searches with those names produce minimal results.g

I have a seller who has POA for his mother's home and is looking to sell quickly, however the house is way underwater, they owe roughly 200k and it's value, according to agent's comps are around 138-146k.Repairs are very minimal, according to owner, just cleaning and painting, built in 2006(of course, I can get my inspector to perform thorough estimate if i decide to contract it)I got the lead from bandit signs, but told the owner I would help him out any way I could with helping him find a solution.I have a broker i know who has experience dealing with the bank to make offers, etc and going through the short sale process, but have not been able to contact her, and the seller seems anxious to get the ball rolling.

Calculate not only the expense but the time it would take to make such repairs versus the money you will be getting back.If doing the repairs is basically a wash in value or minimal but it will take time you might be better off selling as-is now.

Mainly because there is a minimal amount to invest with at this time but I the little I do have is only earning $.05 per month in a traditional savings account (it really hurts).

If we add another partner to the mix that minimizes the profit.

Servicers do all that paperwork and bookkeeping for what is, IMO, a minimal fee.

While I would agree that your proposed business practice looks like a great way to minimize your risks, I think you're going to have a real hard time finding contractors willing to adhere to that.If you're worried about getting taken, then buying the materials yourself is one of the better ways to mitigate the risk.But you're going to find very few contractors willing to start working without any payment up front - even if its for labor only.At some point, you really need to take a leap of faith when doing this.To me, the best way to mitigage risk is to break up rehab jobs into smaller pieces and pay as you go.

Often, service of notice to vacate papers (terms will vary in different states) will achieve the desired result (voluntary move-out) with minimal expense.