Banks generally will not foreclose on a performing note but every institution has its own policies.

Hi,I have no real experience with this subject but in my research I found a site that I feel it helps explaining how things work.

Another question: do you get to visit the properties and perform inspections prior to bidding or do you have to just buy sight unseen always??

Hello @Christopher Oyenuga, welcome to the site!

I called a sheriff who performed a service called a "citizen's stand down" because the dry wall guy threatened to take a sledge hammer to the walls he partially installed.

There are threads out there about the site as well.

Meet GC at site?

They’ll be requiring financials up front. as wayne states unless your being paid for site aquasition buy a company.. ( I did this in the 80s for a big syndicator) this is a complete waste of your time and energy.. folks that own and buy these are looking to do business with commercial brokers like Joel above you will have a hard time getting past first base on this one.stick to SFR's and unsophisticated sellers and buyers.. that's were wholesalers play the best. 

This site is real jewel to hands on knowledge and networking.

He clearly has trust that I can perform, we’ve done over $1.5m in deals together, he just ultimately doesn’t want the properties and loan “in his name” when all the dust settles.