They have not been in place long enough to warrant any special considerations.

The very reason this guy would deal with your product is because his credit/situation will be crap.

If there is low inventory and you have a quality product then you will get multiple offers- All regular sellers are waiting till spring why wait on the competition.

I found seven that show a mortgage lending specialization with deposits under $1B in your area.I think the idea behind rate-and-term being easier than cash-out is that someone else has already looked at the deal and thought it was OK.

I'm from Nova Scotia, Canada, and am one half of a company that specializes in acquiring American real estate for both Americans and fellow Canadians (mostly vacation spots; have to escape these winters somehow!).

Jeff,The following two statements should probably save you a lot of time:1) The people asking you to find deals on the MLS probably don't have money.2) The deals you find them probably aren't deals.With that in mind... you will likely be able to free up your time for more productive use.

Do i need to work with a wholesaler specializing in burnt out deals?

No if it's priced right it's a steal for most buyers.The fact the you mention THE RIGHT buyer indicates it is overpriced and the seller is wanting you to find THE ONE buyer who will pay top market for it.So it is either a steal or it is not.Usually that market is slow moving as those are move up homes and many buyers are underwater in their current homes.Research in your area WHAT IS SELLING.I focus on what buyer are wanting to buy in the marketplace and NOT what sellers are wanting to sell.Your MLS will have data on what product type is moving.Expensive homes have a bunch of outlay in marketing costs so the listing should not be taken lightly.Some friends that have been selling upper end homes for years provide basic marketing and anything additional make the seller pay for it and keep the receipts.Then when it sells they credit the seller off of their commission.This way if the seller wants to take off the market early or change brokers/agents and not give you the average marketing time to sell it they are out the money and not you.It makes the seller think long and hard about correct pricing when it is THEIR money on the line.

Chris, I don't want to give out specific names on a public forum, but it was sold to a buyer by an LLC as special warranty deed at the top of the bubble in 2006, and then quit claimed into a trust by that buyer a year later.

Hiring this PM was part of a package of a "turn-key" product.