Now if the property was worth say $275 and the mortgage was $250 they might still take a small loss and sell it for slightly lees then owned (Say $240) because when you add on the foreclosure costs and the re-marketing cost they might still come out ahead or at lest even and it would be done now not later.

BMR-I noticed your location is CA.

You carry around a stack of "pay rent or quit" notices in your car, just in case6.

The investors for whom I negotiate build their buyers list through Craigslist, their own websites and the typical other methods: signs, referrals and MLS.I know it's tricky to list on the MLS without first having lender approval but if you list at a realistic price and disclose ahead of time, you may catch that buyer who has the time to get "mortgage ready" and doesn't mind the wait.In fact, one investor I know has a program called "Get Mortgage Ready."

Take them to heart and you will be noticed real fast!

The owner is served with a notice from the lender.

You are a jump ahead of everyone else.

I have noticed alot of people asking questions about TIC's.

Not only did I notice that it was the ONLY vehicle listed (use to be tons) but I didn't receive ONE call on it.

These regulations, as well as handbooks, notices, and letters relevant to this program, are available through HUDCLIPS.