I look forward to all the information BP has to offer!

I'd appreciate any insights people have to offer.

Once you have that, you'll try to offer a little cash for keys , for them to transfer the property back to you.Then you'll try to sell the property and split whatever profit there is with your partner, after the 1st and 2nd are paid off.

I always try to offer what others don't / won't in our area.

I am concerned that they are going to want too much money for the market to bear at this point.....and to be honest, we have a lot of foreclosures that have been held back by the banks that are about to enter the market here....along with a possible golf course close down that this property is sitting on that could really cause this number to drop even more.Is there a creative way to offer the financing, make the office on the lease purchase that will satisfy their potential desire for settting the price too high while protecting me and my family from buying into an immediately upside down home?

I know it is the number one investigated crime by the FBI.I would imagine some might go as far as to say an investor trying to buy a short sale without it being listed on the market would be considered fraud since other buyers are not getting a chance to offer fair market value to the bank.

I'll beat whatever Eli has to offer:) PM me, I think we are already colleagues.

My father in law told me to offer them $8000.

You will see there is recquired NOTICE OF PLAN the FILING of THE PLAN, Notices required first 3years,then possibility to offer comparable Housing but in some cases individual tenants may be " Proected" up to 40 years!

K, well not sure I understand the last part about fraudulent plans but basically are you saying that my only option is to offer to buy the property before it goes to foreclosure sale ONLY if it has equity?