Yes, the HOA fees do live on after the foreclosure if you are a third party bidder at auction(courhouse foreclosure sale), but not in the case of buying a REO that is listed on the market.So the issue that I have run across too many times to count is that there is one law firm in particular that has ridiculous crazy fees for not doing ANYTHING at all!

Offered 45, they counted 62k with e/m non refundable after 10 day inspection.

I don't use my attorney because I'm concerned about the quality of the title search (though that's a valid reason), but more because I know my attorneys can push the closing through in about 10-14 days (whereas the seller's attorney could take up to 6 weeks), my attorneys won't charge a ridiculous amount of attorney's fees ($200 compared to the $650 the big REO firm here charges), my attorneys won't make me wait for 2 hours when the closing is running behind schedule (the big REO firm here is notorious for a packed waiting room), my attorneys can allow me to change to financing without having to sign amendments and tell the seller, and my attorneys will let me sign at my convenience (I can come to their office anytime or they'll come to me if I prefer)...So, between the cost savings (even after title insurance), the convenience, and the ability to switch to financing easily, it's really a no-brainer for me.

If he's not motivated enough to take a small amount of EM, then it probably isn't a great deal anyway.

I can't even count how many time over the years I've worked with clients who've spent thousands with your firm only to be turned down when they never should have been engaged to begin with.People used to make up false deals just to see if you would issues an LOI and almost without fail you would.

I just wanted to say that Exeter's firm is probably one of the best in the nation and would be a great choice to help out.John T.

Hook 'em :)Eric

I am part of the faest growing private equity firm in Fl.

You can do this while being courteous, but you must be firm.

And before any draw requests we have a construction consultant verify the work.The process is pretty simple:Validate the properties that they meet a minimum criteria (basic spreadsheet)Make offers (contingent)Any accepted offers we then get a firm construction bid, desktop apprasial, comps, etcNegotiate/CloseEngage the contractor - phased draw approachValidate work with construction consultantRealtor acts as a local eyes/ears (make sure contractor is not leaving site a mess, etc)Market the propertyNegotiate/Close.We've done 40+ properties this way in the past 18 months and it seems to be working well.