They were effectively outbidding people with more experience like yourself.I for one am happy that the dumb money has largely left the market.

Check the state regulations concerning HOAs.I know that in one state where I purchased a new condo there is a law (about 5 years old now) that requires there to be a reserve fund set up and the costs of all items to be estimated over their effective life.

That does address my question.I, like you, expect there will be deals to be done.

How many are effective is a different question.I have done an a lot of business without a website.

I've found that the decision is often based more on the availability of good, reliable, cost effective labor.

I used my parents email address so they should be getting 2 months free VONAGE and a gift card.Disadvantage: You have to change "Gizmo's" where I think with some of the VOIPS SUNROCKET sent us to, you can use your existing equipt.

Something to the effect of "It depends on who initiated the contact" That is so true.

That would mean two closings so make sure it's worth doing, otherwise just sell the option and take your assignment fee.Options are specifically addressed in the SAFE Act, better check with your state, as anyone who has been doing them for 50 years may still not be compliant, nor really know what issues arise, or care if they are selling a book.:) Good luck...

He's not really getting anything if I take it for the loan balance, so if the price dropped he'd effectively be paying me to take his house and equity.

If they are:Find out the address of property for compsFind out what existing loans are on the property including monthly payments and interest rates.If there are any tenants currently living in property.Any liens against the property.Is there anything else I should ask?