Talk tothe lien release dept of IRS and see if they will negotiatea reduction since you have a marketable contract.You will get transfered around till you get the right deptand person that can help you.

More important to me is structuring the contingencies so that I am released from any obligation to purchase the property should I decide not to buy and can't find any interested investors to take the contract on assignment. 

But the seller didn't want to sign the release form because they had already agreed to the repairs.

It is not free to a landlord to re-lease a residential unit. 

If you do get a blanket loan be sure you can do partial releases on individual properties.  

--1.25 Debt Coverage Ratio required --Partial releases available--NO penalty--NO lockout period--Reports to business credit profile and not personal--Minimize your personal liability--Frees Investors up to do more deals at FNMA rates Regards,Scott MillerOriginally posted by "buyandselllv":Thanks Scott & Ryan... and Scott, that would be great if you could go into more detail.

They will not talk to you directly unless there is a release from the owner.

They do push that, but sometimes I can get them to sign in addition to the PA, an addendum, that releases the homeowner from all current and / or future deficiencies.

Can I find out about preforeclosures before the 3 week time period that they are released in the newspapers and courthouse?

Locally, I see brokers asking for buyers premiums, short sale fees that cannot be financed and have to be paid seperately.I've seen release of equitable interest fee.