The thing though was that the comps and properties in her area were only selling for about 310-330; around $100,000 less than what she owed, putting her in underwater mortgage.After talking and gathering more information, I also found her mortgage payment was $1670 impounded (PITI) and she was collecting a $2,500 monthly rent.

The National Flood Insurance Program is $24 billion in debt from payouts exceeding premiums collected.

The only way I would do it was if I owned a newer property that was going to need a minimum amount of maintenance, had a good manintenance guy, and had someone who lived newrby to help collect rent if need be.

Of course I know they want to keep collecting interest on the loan for as long as possible...is there some process to transfer the mortgage into her heir's name?

The previous owner did not collected a pet deposit.

I said large dogs do damage and landlords in my province can't collect damage deposits or easily recover the costs of damage.

NO, We were just curious as to wether or not we should place bids first when were not sure if we have the funding or not, or do we wait and collect the funding first than place the offers?

If they want to apply I would also need to collect a check from them to pay for the SmartMove credit/background check.

I later I put it into a spread sheet so when I come across something I can see who would likely be a buyer.I also have a instapage through go daddy (free when you purchase a domain name) with a form to collect info.

The first thing you need to do write out a brief bullet-list synopsis of your {collective} vision and plan - no need to be overly philosophical here {things will change}, but it is essential that you all be on the same page.