Being a Red Sox fan I naturally despise the Yankees.

I don't mean to be rude but is there no way you can dig deep and find the money for the mortgage for a few months (hopefully only 1 or 2) until you get the place re-rented?

Though, Target wouldn't be the same without the red bullseye!

And that was a big spike, check out the gold spot chart for the 13th: http://www.kitco.com/charts/livegold.html (the red line designates the 13th)I believe in Schiff's beliefs, whether you do or not is great, but he was right last time...

These investors have deep pockets.

There maybe signs posted on the doors with yellow or red sheets that appear to have some official posting, like from building regulations or the health department.3.

Welcome to BP Nation Shakeeta.You question seems to stem from the many gurus who preach about some program they sell which rarely works in the real word today.Land trusts are a huge red flag to banks and thus are not very effective to your success.Take the advice above and read some of the many forum topics on this subject.There are many ways to flip contracts with REO's other than a land trust.1.

It is interesting to see the varying viewpoints on this subject and food for thought.Based on everything I have read in these responses, what I have learnt is that (a) our growing population should put a natural floor on home prices to reflect replacement cost minus depreciation and (b) if you can buy at deep discounts, you should do it because any future depreciation should be offset by the discount.My own decision based on all this is to perhaps continue with my flip business because it gives me returns similar to a good buy-and-hold property while keeping my cash free from any long-term committments in case the economy weakens.

From Katrinas description the property is in good repair and in a quality market but may not be one an investor would be interested in as a buy and hold landlord. in todays market we make money when we buy a property at a deep discount and have an adequate exit plan.

You can certainly look further back to see if any red flags pop up, but you're not qualified to assess all the title issues that could exist.As I said, always get title insurance unless you have the money to defend title out of your pocket.