Even if its sold as-is, you can still dicker with the bank after the inspection.Getting signatures from the bank seems like one of the slow steps.

The bottom fell out of the market before they sold half of the 432 units.

In other words, what could that property be sold for in today's market.

Tom,You are missing a point here.The object is to have only ONE loan.The LLC gets the loan, and the LLC is tehn sold to the new buyer.Larry,That is another very similar alternative as well.

Find recent solds in this area for similar properties.

People like this have already sold their houses.

It was sold to the bank at a sheriff sale this past June and the basement was flooded only days later during the awful floods around that time.

Maybe a little less, since you're managing it yourself.What could you get if you sold it?

Tell them if they have not received the check or lost it after receipt to contact you for a replacement.Keep a copy of the letter, keep the mailing record and the receipt when it comes back - FOREVER!

Do you need copies of all these documents?