It is the same process. 

I work in Multi-Unit Retail Management and am passionate about personnel development and process optimization. 

What was your biggest learning experience in the process or unknown you came across?

@Kim Heretick Hello Kim, we bought a studio condo (bank-owned, special warranty deed) on auction.com, the process is different for bank-owned correct?

We don't have enough experience to handle full process on our own, so we are looking for competent partner who can help us out on this one.

Recovering the property and removing the tenant / buyer is a much more arduous process than evicting a tenant under normal terms.

The tenant texted me a couple days ago and stated “we have not lived in the house for two weeks, but I still have a table in the garage and a lamp and some **** there.”Should I return to the home now to get the ball rolling and get this place re-rented by doing some repair work or just wait until everything is removed/ the whole process is done with?  

ask  lender if there is a value  reconsideration process that can be done ….if there is - you normally need to  provide factual  information about any  errors on the appraisal and also   sales  comparables you feel that should be used that the appraiser  didn't use or  missed …….also  worth noting - often appraisers  will try to " bracket a propertys value  meaning  trying to locate a  nicer comp /  an inferior comp and a similar comp …...so maybe the  other comps  found / used  created this lower figure ?

I know most banks are FDIC insured, but who knows how that whole process would go if it becomes necessary.Therefore, when these guys are saying they have cash ready, do they mean actual physical US dollars, cash in banks (like most Americans), or some other form of asset?

Ian Arbogast we're in the process of doing this in our park.