Nothing is given to anyone for free and the few that do receive something substantial for free are often the worst off when closely examined.

I would recommend getting title insurance to guard against any title defects missed by the title examiner.

That's why we have Edwin Chow, Western Regional Director of Examinations at CFPB coming to speak for us in February.

So, if a property meets the definition of market value, the price struck IS the market value, there is no instant equity.Now, as Will points out, it is possible to get a good or better deal due to your skills, you could be the slickest investor around and you might be dealing with the dumbest guy in banking and get a great deal, but you're not meeting the definition of market value either.I got what I thought was a heck of a deal on an REO property a few years ago, the bank examiners were doing an examination of the bank and were, I suppose, hitting the bank gigging them for holding the property, I was in the bank and the guy said we've had this too long and basically we need it gone.

I think I mentioned I had been a bank examiner and was starting a mortgage brokerage when he asked, think he gave a positive "that's good" and we moved on.

Anson, there are lots of ways a Realtor can be paid in an installment deal, Sub-2 and short sale, granted, new Realtors may not know how, but even the greenest agent knows how to ask a seasoned agent.This is taking on rather an unusual flavor to me, out of sight rents, saying a Sub-2 stops foreclosure (filing deeds after notice is a great way to go to jail, BTW) and being the author or writing examinations for certification tests, saying certifications don't mean anything, doesn't sound right to me......but, not making any judgment yet, people can't just hang by a computer (like I can) all day, so Belinda may have needed to do something.

The bank that owns it is a state chartered bank; I saw in a local business publication that they are no longer examined/regulated by the FDIC, and are now the first Louisville bank to be a member of the St.

Classic.Glengarry Glen Ross: An examination of the machinations behind the scenes at a real estate office. (1992)Blake: ".... you.

I can tell you though it was not as helpful to me as getting on a site like Reuters or Forbes entering the banks ticker symbol & examine the executive staff ie.

You would however as stated verify your title/escrow company is LT friendly and basically that is a corporate trustee or whichever trustee you use is selling the property to a designated beneficiary ( buyer) via directions from the trust's beneficiaries that simple and the escrow agent would follow that direction as well.I believe each transaction is different depending on what your escrow/tile company will allow so I would "pre-flight" the transaction to see what objections that may have.Just make sure you have an arm's length transaction.Mr Finance Examiner: Excellent reply on your posting on this.Good luck. .