I'm skeptical, but that's because I don't want to get burned, plus when it comes to money I'm just really cautious regardless of the amount.One more general question (for now) - if I do approach a bank to purchase a home that has been foreclosed, will I have much success making an offer that matches the principle remaining, or do I need to make an offer somewhere between the estimated (appraised) value and the principle that remained on the loan?

It is much easier to find a desperate seller than to try to turn a retail sale into a deal.I would suggest joining your local REIA (real estate investors association) and making friends with the SUCCESSFUL investors in your area.

We have been negotiating with the village and have had some success gaining interest with our concept plan.

I look forward to seeing more great success stories from you!

Welcome aboard, and I look forward to hearing of your future success!!!

You can read about it in the REO success stories post.

I just want to find what’s right for us so we can be successful.

I don't know how specific or vague one could be.I Don't know if you state- contingent upon successful financing from ABC bank for a 2/28 @4% would be considered sufficient?

We've found our investors have more success when they use experts on specific areas rather than a group trying to be all things to all people.

Stormteam,There are not any magic words or phrases that make you successful in buying property.