Despite of what the economy is experiencing I know that there is always a way to profit from real estateWelcome to BP Nation Erich and couldn't agree more with you!!

I found this chart this evening and couldn't help but think of its implications for real estate investing and state-based economies that set their own laws that impact the nation as a whole.

Not being snippy just seeing what you are trying to accomplish.Realty Trac and all those sites are outdated junk.They sell subscription after usually 30 free days for highly outdated data.With pre-foreclosures you have to remember not everyone wants to sell and also might file Bankruptcy or do a workout with the bank.On REO's depending on your state foreclosure laws a bank may be in the process of foreclosing but because of redemption rights,legal proceedings,or title issues they have to delay listing the property for sale.Very rarely will a bank not list a property with a broker especially on the residential side.An asset manager for a bank handling hundreds of files doesn't want to talk to you,won't talk to you,and waste time teaching a rookie with questions.I am just giving it to you straight.If you want to be successful you have to know how the system works.The MLS is the place to get the most up to date data period.As soon as I get a listing assignment from the bank the listing agreement has within 24hrs you have to put it in the MLS and send in proof to the AM.Many times we don't even get the AM's e-mail.It's uploading contract on a portal and by phone.If they don't know what file you are connected to or who you are they will just delete.This is why many never answer the phone and screen their calls.Then they call back the important ones.Some listing reo brokers will have buyers list they notify of an upcoming listing hitting the market.Sometimes if you offer and the price is good enough the AM will accept and close out the file.Other times the AM will want the property exposed to the market for 7 to 10 days to see what kinds of offers the property attracts.Now that is usually how national banks operate.Sometimes local and regional banks you can buy direct before they list with someone.Also the rules are different if you buy in bulk or buy the note at a discount from a bank.It really depends on what you are doing in how to proceed.

National,regional,and local banks aren't the only game in town.If we are talking only in that context and you have 20% to 25% to put down and can document everything to the umpteenth degree than you may get a loan.Many of the investors I come across love commercial loans because they can find putting say 5% or 10% down for a slightly higher rate and then you get the seller to carry the other 10% to 15% at below market interest rates.Also with vanilla type loans some will take a very long time to close.For some investors a slightly higher rate and a fast closing is what they are after.

There are several reasons and I hope that people who read these message boards and participate in BP nation have considered them.

Welcome to BP Nation!

Risking his life and liberty to expose government corruption and waste and providing some political transparency where it's sorely needed...I don't believe that all the government's secrets need to be made public (clearly this will threaten our national security), but by the same token, allowing the government to hide information just to protect themselves from well-deserved scrutiny goes against what this country stands for.If the government was doing it's job, sites like Wikileaks wouldn't be needed...but unfortunately, they're not doing their job (at least not well)...Funny how the government likes to put citizens through x-ray machines but when some tries to (metaphorically) do the same thing to the government, he becomes an "enemy of the state"...

Some are worried about making the payments, while others are convinced they'll save even more if they wait.It's perfectly natural that they should feel that way in the wake of the housing bust, said Lawrence Yun, the chief economist for the National Association of Realtors.

It wont be long before you will be able to tell who is paid for, and who is there to serve the people.Perhaps the Republican Party will be divided much like the old Democrat Party.http://www.examiner.com/finance-examiner-in-national/republicans-working-behind-the-scenes-to-stop-ron-paul-from-house-chair-position

Options available will depend on the loan itself and if it's a small bank,regional,national,overseas or a hedge fund or a private investor etc.Typically on loans you go over options with the underwriter upfront going in so you have a plan when the time comes.