There was a case here recently (Boulder, CO, actually) where one homeowner was able to take a chunk of the lot next door under this law.

Yes, most of it was taking photos of coeds but I do recall some of the lessons of architectural photography.

William, we're learning here in Colorado (5th highest in the nation for foreclosures), that the banks will look at short sale offers of about 80% of FMV from which we deduct repair costs, their foreclosure costs, legal, their carrying costs, etc.

So Jon, are you a hard money lender only in CO?

The only two that I know of are Rehab List and one in Colorado(not sure of the name).

In Florida back then to be a broker was much more regulated and prestigeous than to be a correspondent lender because they are exempt from reporting yield spread and service release premiums, plus they were exempt from Chapter 494 of the DBF.When I opened offices in Colorado, however, there was no licensing for brokers so to be a lender was much more reputable.

The approval letter is buyer specific, and the title co. has no ability to change.

Though had some confusion on abbreviaton-- nice co. clerk said to come in and would help me check onsite at co. courthouse.

I'm also trying to get a better pulse on other markets besides Atl, including parts of Colorado and Arizona (not sure why I'm picking those, perhaps more landlord friendly than good ol MA).

We're renting it now to someone marginal but with a strong co-signer.