I read it over and it is all about Bank Debenture Puchase and Resale Program.

80% of purchase price from the bank and 20% from the seller?

Each state has different time frames in where the bank foreclosures on a property.

I am looking for a recommendation for a bank with good Business Checking Accounts and business related services.

i just found it and saw they have bank owned listings, pre foreclosures, auctions, etc.

A Bank owned propertyI will be paying cashMassachusettsDoes anyone know what closing cost I will be looking at .Question , who does the closing . who picks this person ?

If the agent truly is clueless, then there is a chance that the seller won't even accept the offer, thus making submission to the bank a moot point.Unfortunately, with a clue-less agent in the way, you are screwed, the seller is screwed, and the bank is screwed.

Whether its waiting for a bank, waiting for a contractor, or waiting for a tenant.

The banks will pay the agent a fee if the deal closes.

I was informed by an individual that it is basically almost impossible to do an assignment deal with an REO unless you go with the bank's "assignment clause".