You've never bought from a bank, have you?

I didnt want to come right out and say this,but yes, I will be using family savings.I look at this cost as lost bank interest, maybe 3-4% tops nowadays..

I am unsure if it is bank owned or not - it doesn't specify, would that make a difference if I try to wholesale it?

Hi I wasn't sure where to post it, but decided to post it here since wholesaling is my strategy.I had a call from a lady who doesn't want to sell her house, but badly needs the money (bad credit, BK, bank almost foreclosed on her).

The house has illegal bedrooms, faulty wiring etc, things that needed to be explained in person and was going to make an awesome shortsale.Anyhow, I specifically told him to take the realtor lockboxes off, or replace them with combination boxes and don't put the combination in the listing.Sure enough, both banks managed to get appraisals without my knowledge, and now we are facing the battle of the bank thinking its way too high of a value.Anyway, figured I would share this, its one of the first things I tell everyone.

As far as the bank is concerned I never lose possession of the property until that payment is made.

(You might be able to search by using thefirst few numbers of the parcel numbers)Then check the trust deeds that were recorded on those properties.If they are from the same bank, a broker could've targeted thatneighborhood as a great 'target' to make some easy money.Check the sales price if you can.

I have an equity partner who basically wants to be the bank on my flips.

News broke early this morning that the FDIC took over 1st National Bank of Nevada and First Heritage Bank, closing 28 branches.

Usually they will tell you something about the guy who moved, as long as you don't act like you are from the bank!