Oh my, what should I do?
I have a couple in the pre-foreclosure stage willing to sale me their house for 18.5% below FMV. It needs about 5k of TLC to make it ready to move in. I'm thinking of putting the house in a Land Trust, making the sellers the trustee and assigning the ben. int. to me. OR..I could just have them sign a Sales and Purch. Agreement then search an investor to assign it to. OR....make it a Handyman Special in the papers and sell it outright. Any thoughts? Has a clean title. FMV is $193.000, selling to me for $155.000 with no dwn pyt. I will be giving them $10.00 consideration. Haven't heard from the foreclosure Atty. after 3 attempts, can't get a return call. 
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