It has also followed through to the short sales as such, while not in the bank's portfolio as other real estate, it's still viewed as going into the market.Another aspect is that agents are an additional step in the chain of disposing of properties and if anything blows up in a deal, there are options as to shifting blame, liability and having insurance cover the transactional issues instead of the bank being hung out alone.The only way to cut a deal involving a bank would be in buying the note prior to foreclosure or disposing at no loss to the bank (that excludes short sales) with the seller selling the property, for example under a sub-2 or other assumption strategy.

so many aspects to management as to what your people do. i had a a guy manage my stuff while i was outta town 2 years on other projects and came back to a mess.

I am not sure he could negotiate a short sale in any case as he would own the property subject to the first mortgage but would not be a borrower on the note.My advice is to not get involved but I have also posted this as a blog to see if anyone can see any value in pursuing any aspect of the situation.

They will introduce you to all aspects of investing - from getting your credit in line, various types of loan products such as hard money, how to develop your business plan; i.e; flipping, buy/hold, wholesaling.

People have good intentions, but they also tend to make the same mistakes over and over...I'd learn a lot more about the new, consumer-friendly aspects of lease-purchase deals, then decide if you really want to go down that road.

Well I gave it sufficient time for the reply, but took care of that with the quotes.I won't copy all the smart comments made but here you go:GEORGIA TRADE PRACTICE ACT, Chapter 3 Title 8 (adopted 1994) This Act governs those who provide home inspections for a fee and requires that certain aspects of the report are uniformily addressed.

The knowledge of all partners must be sufficient in all aspects so that each understands the management required.4.

HUD to and state finance depts to make the determination that any contract is covered.Another aspect is that HUD recognizes lease-option agreements, solong as they are seperate and that no application of rents is applied to any sale price, which is considered financing.

Depending on how high their household income is, the depreciation aspect may have no current value.Unless you are a RE Professional, once AGI reaches 100K (for married filing jointly), the depreciation write-off decreases.

This last aspect is important because sometimes I want a low quality service for a low price, and I do not feel that I should be forced into a higher quality service when I do not need it.Perhaps a solution to the problem would be to make licensing optional, as Illinois seems to have done with Home Inspectors.